EVgo announces Q3 earnings per share of 9 cents, compared to a loss of 11 cents in the same period last year.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 10 2025
0mins
Should l Buy EVGO?
Q3 Revenue Performance: EVgo reported Q3 revenue of $92.3 million, surpassing the consensus estimate of $91.77 million.
CEO's Statement: CEO Badar Khan highlighted the record revenue from the charging network and emphasized the growing consumer demand for fast charging solutions.
Future Expansion Plans: The company plans to launch a significant number of new charging stations across the U.S. in Q4, aiming to enhance convenience for EV drivers.
Profitability Outlook: EVgo anticipates reaching a positive Adjusted EBITDA and accelerated profitability growth, supported by a fully financed growth plan and operating leverage.
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Analyst Views on EVGO
Wall Street analysts forecast EVGO stock price to rise
8 Analyst Rating
6 Buy
2 Hold
0 Sell
Strong Buy
Current: 2.740
Low
4.00
Averages
5.65
High
7.50
Current: 2.740
Low
4.00
Averages
5.65
High
7.50
About EVGO
EVgo Inc. provides electric vehicle charging solutions. The Company owns and operates a public direct current fast charging network for electric vehicles in the United States. Its network of charging stations provides EV charging infrastructure to consumers and businesses. It partners with automotive original equipment manufacturers (OEMs), fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, gas stations, parking lot operators, governments and other organizations and property owners to locate and deploy its EV charging infrastructure. In addition to the provision of EV charging infrastructure, it is developing and deploying software-based, value-added services to drivers and partners.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Earnings Announcement: EVgo is set to release its Q4 earnings on March 3rd before market open, with consensus EPS estimates at -$0.14 and revenue expected to reach $102.61 million, reflecting a 52% year-over-year growth.
- Performance Expectations: Over the past year, EVgo has beaten EPS estimates 50% of the time and achieved a 100% success rate in exceeding revenue expectations, indicating its stability and growth potential in the market.
- Estimate Revision Trends: In the last three months, EPS estimates have seen no upward revisions and one downward revision, while revenue estimates experienced one upward revision with no downward adjustments, suggesting a positive outlook for EVgo's revenue prospects.
- Strategic Partnership Expansion: EVgo has recently expanded its EV battery charging partnership with Kroger, further solidifying its leadership position in the EV charging market, which is expected to drive future performance growth.
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- Rating Reaffirmed: On February 16, JPMorgan reiterated its Buy rating on EVgo with a price target of $6, indicating confidence in the company's growth potential, which may attract more investor interest.
- Charging Station Expansion: EVgo plans to build at least 150 fast charging stalls annually at Kroger locations through 2035, significantly enhancing its charging infrastructure coverage across the U.S.
- Partnership Expansion: This partnership with Kroger, which began in 2022, will allow select Kroger stores to install up to 16 high-power fast charging stalls, aiming to provide convenient charging options for customers.
- Operational Status: The first new charging site is already operational in Salt Lake City, Utah, with plans to open additional locations in states like Arizona, California, and Florida, further strengthening its competitive position in the market.
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- Earnings Release Schedule: EVgo will announce its fourth quarter and full year 2025 financial results on March 3, 2026, which is expected to significantly impact investors by providing the latest insights into the company's operations and financial health.
- Live Webcast Timing: Following the earnings release, the EVgo management team will host a live webcast at 8 a.m. ET (5 a.m. PT), allowing investors to access real-time information and engage in interactive discussions.
- Investor Relations Information: Relevant materials for the earnings report and webcast will be made available on EVgo's Investor Relations website in advance, ensuring that investors can obtain critical information promptly and enhancing transparency.
- Charging Infrastructure Overview: EVgo operates over 1,200 fast charging stations across 47 states, strategically partnering with retailers, restaurants, and other businesses to promote the widespread adoption and development of electric vehicle charging infrastructure.
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- Enhanced Range: The 2025 Porsche Taycan 4S Cross Turismo achieves a range of 280 miles, significantly improving from the previous generation's 220-230 miles, thereby enhancing the feasibility of long-distance travel and increasing consumer interest.
- Charging Network Integration: Porsche's partnership with Electrify America allows Taycan users to easily locate charging stations through an integrated navigation system, although some areas still face insufficient charging speeds, impacting user experience.
- Optimized Driving Experience: The new Taycan boasts nearly 600 horsepower and 523 lb-ft of torque, combined with Porsche's Active Ride system, ensuring a smooth ride across various terrains, which enhances brand image and attracts high-end consumers.
- Market Positioning Challenges: Despite offering exceptional performance and range, the starting price of around $130,000 may limit market acceptance, especially in the highly competitive electric vehicle sector.
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- Executive Transition: EVgo announced the appointment of Keefer Lehner as Chief Financial Officer effective January 12, 2026, succeeding retiring CFO Paul Dobson, ensuring financial stability as the company navigates the rapidly growing EV charging market.
- Experienced Leader: Lehner brings nearly 20 years of finance and operations experience, having served as CFO at KLX Energy Services where he successfully drove EBITDA growth and free cash flow generation, which is expected to support EVgo's strategic priorities.
- Financial Guidance Reaffirmed: EVgo reiterated its 2025 financial guidance, projecting total revenue between $350 million and $365 million, with potential ancillary revenue of up to $40 million, reflecting the company's confidence in future growth.
- Strategic Development: Lehner's appointment aligns with EVgo's nationwide charging infrastructure buildout plan, aimed at enhancing profitability and delivering long-term value through improved financial management.
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- Executive Transition: EVgo has announced the appointment of Keefer Lehner as Chief Financial Officer effective January 12, 2026, succeeding retiring CFO Paul Dobson, ensuring financial stability as the company navigates the rapidly growing EV charging market.
- Financial Guidance Reaffirmed: The company reiterated its 2025 financial guidance, projecting total revenues between $350 million and $365 million, with ancillary upside potential of up to $40 million, reflecting confidence in future growth prospects.
- Leadership Transition Plan: Paul Dobson will remain in an advisory role until March 2026 to facilitate a smooth transition for the new CFO, thereby mitigating risks associated with management changes.
- Strategic Development: Keefer Lehner's previous role as CFO at KLX Energy Services, where he successfully drove EBITDA growth, is expected to provide critical support for EVgo's expansion of charging infrastructure and enhancement of profitability.
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