EV charging network EVgo's Q3 revenue beats expectations

Reuters

Nov 10

EV charging network EVgo's Q3 revenue beats expectations

Overview

EVgo Q3 revenue rises 37% yr/yr, beating analyst expectations
Company achieved record charging network revenue, up 33% yr/yr
EVgo added over 280 new charging stalls in Q3

Outlook

EVgo expects 2025 revenue between $350 mln and $405 mln
Company anticipates positive Adjusted EBITDA supported by a fully financed growth plan
EVgo plans to expand charging stations across the U.S. in Q4

Result Drivers

CHARGING NETWORK REVENUE - Record $55.8 mln in Q3, marking 15th consecutive quarter of double-digit growth
NETWORK THROUGHPUT - Reached a record 95 GWh in Q3, up 25% yr/yr
STALL EXPANSION - Added over 280 new stalls in Q3, ending with 4,590 stalls, up 25% yr/yr

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Beat	$92.30 mln	$91.20 mln (9 Analysts)
Q3 EPS		-$0.09
Q3 Net Income		-$28.36 mln
Q3 Adjusted EBITDA		-$4.98 mln
Q3 Adjusted Gross Margin		28.90%
Q3 Adjusted Gross Profit		$26.65 mln
Q3 Capex		$26.15 mln

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
Wall Street's median 12-month price target for EVgo Inc is $6.20, about 44.8% above its November 7 closing price of $3.42

Press Release: ID:nGNX4SyPh8

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2582875257"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2582875257\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2582875257?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-10 20:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2582875257","market":"fut","top_or_hot":-1,"title":"EV charging network EVgo's Q3 revenue beats expectations","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>EV charging network EVgo's Q3 revenue beats expectations</title></head><body><p><span>Overview</span></p><ul><li><p>EVgo Q3 revenue rises 37% yr/yr, beating analyst expectations</p></li><li><p>Company achieved record charging network revenue, up 33% yr/yr</p></li><li><p>EVgo added over 280 new charging stalls in Q3</p></li></ul><p><span>Outlook</span></p><ul><li><p>EVgo expects 2025 revenue between $350 mln and $405 mln</p></li><li><p>Company anticipates positive Adjusted EBITDA supported by a fully financed growth plan</p></li><li><p>EVgo plans to expand charging stations across the U.S. in Q4</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>CHARGING NETWORK REVENUE - Record $55.8 mln in Q3, marking 15th consecutive quarter of double-digit growth</p></li><li><p>NETWORK THROUGHPUT - Reached a record 95 GWh in Q3, up 25% yr/yr</p></li><li><p>STALL EXPANSION - Added over 280 new stalls in Q3, ending with 4,590 stalls, up 25% yr/yr</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q3 Revenue</p></td><td><p>Beat</p></td><td><p>$92.30 mln</p></td><td><p>$91.20 mln (9 Analysts)</p></td></tr><tr><td><p>Q3 EPS</p></td><td></td><td><p>-$0.09</p></td><td></td></tr><tr><td><p>Q3 Net Income</p></td><td></td><td><p>-$28.36 mln</p></td><td></td></tr><tr><td><p>Q3 Adjusted EBITDA</p></td><td></td><td><p>-$4.98 mln</p></td><td></td></tr><tr><td><p>Q3 Adjusted Gross Margin</p></td><td></td><td><p>28.90%</p></td><td></td></tr><tr><td><p>Q3 Adjusted Gross Profit</p></td><td></td><td><p>$26.65 mln</p></td><td></td></tr><tr><td><p>Q3 Capex</p></td><td></td><td><p>$26.15 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 7 \"strong buy\" or \"buy\", 2 \"hold\" and no \"sell\" or \"strong sell\"</p></li><li><p>Wall Street's median 12-month price target for EVgo Inc is $6.20, about 44.8% above its November 7 closing price of $3.42</p></li></ul><p>Press Release: <span>ID:nGNX4SyPh8</span></p><p>For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV charging network EVgo's Q3 revenue beats expectations</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EVGO","symbol_name":"EVgo Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251110:nL1N3WM0DM:1","article_id":"2582875257","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2582875257","pubTimestamp":1762777476,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"EV charging network EVgo's Q3 revenue beats expectationsOverviewEVgo Q3 revenue rises 37% yr/yr, beating analyst expectationsCompany achieved record charging network revenue, up 33% yr/yrEVgo added ov","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"EVGO":"EVgo Inc.","BK4214":"汽车零售"},"translate_title":"电动汽车充电网络EVgo第三季度营收超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EVGO":0.9},"content_text":"EV charging network EVgo's Q3 revenue beats expectationsOverviewEVgo Q3 revenue rises 37% yr/yr, beating analyst expectationsCompany achieved record charging network revenue, up 33% yr/yrEVgo added over 280 new charging stalls in Q3OutlookEVgo expects 2025 revenue between $350 mln and $405 mlnCompany anticipates positive Adjusted EBITDA supported by a fully financed growth planEVgo plans to expand charging stations across the U.S. in Q4Result DriversCHARGING NETWORK REVENUE - Record $55.8 mln in Q3, marking 15th consecutive quarter of double-digit growthNETWORK THROUGHPUT - Reached a record 95 GWh in Q3, up 25% yr/yrSTALL EXPANSION - Added over 280 new stalls in Q3, ending with 4,590 stalls, up 25% yr/yrKey DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueBeat$92.30 mln$91.20 mln (9 Analysts)Q3 EPS-$0.09Q3 Net Income-$28.36 mlnQ3 Adjusted EBITDA-$4.98 mlnQ3 Adjusted Gross Margin28.90%Q3 Adjusted Gross Profit$26.65 mlnQ3 Capex$26.15 mlnAnalyst CoverageThe current average analyst rating on the shares is \"buy\" and the breakdown of recommendations is 7 \"strong buy\" or \"buy\", 2 \"hold\" and no \"sell\" or \"strong sell\"Wall Street's median 12-month price target for EVgo Inc is $6.20, about 44.8% above its November 7 closing price of $3.42Press Release: ID:nGNX4SyPh8For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}