Overview

* EVgo ( EVGO ) Q3 revenue rises 37% yr/yr, beating analyst expectations

* Company achieved record charging network revenue, up 33% yr/yr

* EVgo ( EVGO ) added over 280 new charging stalls in Q3

Outlook

* EVgo ( EVGO ) expects 2025 revenue between $350 mln and $405 mln

* Company anticipates positive Adjusted EBITDA supported by a fully financed growth plan

* EVgo ( 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/Mis Actual Consensu

s s

Estimate

Q3 Beat $92.30 $91.20

Revenue mln mln (9

Analysts

)

Q3 EPS -$0.09

Q3 Net -$28.36

Income mln

Q3 -$4.98

Adjusted mln

EBITDA

Q3 28.90%

Adjusted

Gross

Margin

Q3 $26.65

Adjusted mln

Gross

Profit

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 ( EVGO ) is $6.20, about 44.8% above its November 7 closing price of $3.42

Press Release:

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(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.)