By Adriano Marchese

EVgo has downgraded its revenue guidance and adjusted earnings for the year.

The operator of fast-charging networks for electric vehicles on Monday said it now expects total baseline revenue to be between $350 million and $365 million, reducing the top end from $380 million.

Adjusted earnings before interest, taxes and deprecation and amortization was also downgraded. It now expects an adjusted Ebitda loss of $8 million to $15 million, compared with a previous range that was between a loss of $5 million and a profit of $10 million.

The company also provided ancillary upside potential to both metrics, and said that revenue could see another $40 million added to the top end of guidance, while adjusted Ebitda profit could have another $31 million more added to its top end.

In the third quarter, EVgo posted a narrowed net loss of $28.4 million, or 9 cents a share, compared with a loss of $33.3 million, or 11 cents a share, in the same quarter a year ago.

According to FactSet, analysts were expecting a loss of 10 cents a share.

Total revenue rose 37% to $92.3 million, just ahead of expectations of a rise to $91.8 million.

Charging network revenue came to $55.8 million, up 33% year-over-year, and added over 280 new operational fast-charging stalls for a total of 4,590 in operation.

Chief Executive Badar Khan said that looking ahead to the fourth quarter, the company expect to bring a substantial number of new charging stations online across the U.S.

He said this growth is expected to help the company start turning a profit, thanks to a solid financial plan.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

November 10, 2025 07:37 ET (12:37 GMT)

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