EVgo (NASDAQ:EVGO) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

EVgo (NASDAQ:EVGO) issued its quarterly earnings data on Wednesday. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.03, RTT News reports. EVgo’s quarterly revenue was down 15.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.10) EPS.

Here are the key takeaways from EVgo’s conference call:

• EVgo and Tesla agreed to deploy EVgo-branded Superchargers, which management expects to more than double EVgo’s addressable market by reaching both NACS and CCS drivers. The rollout begins this year, with Tesla building and operating the chargers while EVgo owns the assets, sets pricing, and selects locations.
• EVgo reported 19% year-over-year charging-network revenue growth to $61 million, while trailing-12-month charging gross margin reached 39%. The company ended the quarter with 5,380 operational stalls, more than 1.8 million customers, and approximately $835 million in available liquidity.
• Q2 total revenue fell 16% year over year to $83 million because eXtend and AV revenue declined sharply, while adjusted EBITDA was a loss of $10.6 million. Management also said the 2025 stall cohort is ramping more slowly than expected, legacy equipment remains soft, and OEM charging-credit customers are converting to retail users below expectations.
• EVgo reduced or adjusted its 2026 deployment assumptions, expecting 1,350–1,625 new stalls and 2026 revenue of $400 million–$430 million. The company now anticipates a full-year adjusted EBITDA loss of $25 million to $5 million, although it still expects positive adjusted EBITDA in Q4.
• Management maintained its long-term outlook for approximately $500 million of recurring adjusted EBITDA by 2030, supported by network expansion, rising throughput, and operating leverage. EVgo is also evaluating additional opportunities involving autonomous vehicles, acquisitions, geographic expansion, energy storage, demand response, and excess grid-connected capacity.

EVgo Stock Performance

Shares of EVgo stock traded down $0.20 during trading on Wednesday, hitting $1.52. 8,122,534 shares of the company’s stock traded hands, compared to its average volume of 4,054,015. EVgo has a 1 year low of $1.41 and a 1 year high of $5.18. The business has a 50-day simple moving average of $1.87 and a 200-day simple moving average of $2.18. The stock has a market capitalization of $478.64 million, a P/E ratio of -4.39 and a beta of 2.82. The company has a debt-to-equity ratio of 5.39, a current ratio of 2.07 and a quick ratio of 2.07.

Trending Headlines about EVgo

Here are the key news stories impacting EVgo this week:

• Positive Sentiment: EVgo reported a second-quarter loss of $0.15 per share, better than the $0.18 loss expected by analysts, although the loss widened from $0.10 per share a year earlier. EVgo Reports Q2 Loss, Tops Revenue Estimates
• Positive Sentiment: Charging-network revenue increased 19% year over year to $61 million, marking the 18th consecutive quarter of double-digit growth. Network throughput also rose 13% to 99 gigawatt-hours, indicating continued demand for EVgo’s chargers. EVgo Reports Second Quarter 2026 Results
• Positive Sentiment: EVgo is expanding its network through partnerships. Its agreement with Brixmor is expected to add more than 500 fast-charging stalls at over 90 shopping centers, while the Pilot-General Motors-EVgo network has surpassed 300 locations and 1,300 stalls across 40 states. EVgo and Brixmor Expand Partnership
• Positive Sentiment: The company plans to deploy V4 EVgo Superchargers capable of up to 500 kilowatts and 1,000 volts, potentially improving charging speed and network competitiveness. EVgo Expands Fast Charging
• Neutral Sentiment: Management’s Q2 earnings call provided additional commentary on operating performance, network expansion and the company’s outlook. EVgo Q2 2026 Earnings Call Transcript
• Negative Sentiment: Reported revenue declined 15.7% year over year, signaling weakness outside the core charging-network business despite solid network revenue growth. EVgo Earnings Results
• Negative Sentiment: EVgo guided to fiscal 2026 revenue of $400 million to $430 million, below the approximately $433.2 million analyst consensus. The lower outlook offsets the quarterly EPS beat and is the clearest near-term pressure on the shares. EVgo Q2 Key Metrics

Analyst Ratings Changes

EVGO has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their target price on EVgo from $4.50 to $3.00 and set an “outperform” rating for the company in a report on Wednesday, May 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research report on Wednesday. Weiss Ratings reiterated a “sell (e+)” rating on shares of EVgo in a research report on Wednesday, July 15th. Wall Street Zen lowered shares of EVgo from a “sell” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of EVgo in a research note on Tuesday, July 21st. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, EVgo has an average rating of “Hold” and a consensus target price of $5.28.

Institutional Trading of EVgo

A number of large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new position in EVgo during the fourth quarter valued at approximately $27,000. Quarry LP boosted its stake in shares of EVgo by 145.0% in the 4th quarter. Quarry LP now owns 9,307 shares of the company’s stock worth $27,000 after buying an additional 5,508 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of EVgo by 4,903.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,856 shares of the company’s stock worth $29,000 after purchasing an additional 9,659 shares during the period. Balyasny Asset Management L.P. bought a new position in EVgo in the fourth quarter worth approximately $32,000. Finally, Magnetar Financial LLC purchased a new stake in shares of EVgo in the 4th quarter worth $38,000. 17.44% of the stock is currently owned by institutional investors.

About EVgo

EVgo operates one of the largest public electric vehicle (EV) fast-charging networks in the United States, delivering direct current (DC) fast charging and Level 2 charging services to passenger vehicles and commercial fleets. The company’s charging stations are strategically located in urban centers, suburban shopping areas, workplace parking facilities, and along major highway corridors, enabling convenient access for EV drivers and promoting long-distance travel.

The company offers a suite of charging solutions, including subscription plans, pay-per-use options, and fleet charging services tailored to the needs of ride-hailing, delivery, and corporate vehicle fleets.