The earnings call reflects a robust growth trajectory for EVgo, marked by significant increases in revenue, stall deployment, and customer base. The successful securing of a DOE loan and notable efficiency improvements further bolster a positive outlook. However, competitive challenges, potential policy impacts, and reliance on incentives present noteworthy risks.

Company Guidance

During EVgo's fourth-quarter and full-year 2024 earnings call, the company provided detailed guidance for 2025, highlighting several critical metrics and strategic priorities. EVgo expects to see total revenues between $340 million and $380 million, with two-thirds deriving from charging network revenue, and aims for adjusted EBITDA breakeven, ranging from a $5 million loss to a $10 million gain. The company plans to add 800 to 900 public and dedicated stalls in 2025, part of a broader strategy to triple its installed base over the next five years, supported by a $1.25 billion loan guarantee from the Department of Energy. Utilization rates have reached an industry-leading 24%, and with a focus on expanding partnerships, improving customer experience, and operational efficiencies, EVgo anticipates further growth in throughput and customer accounts. The company also highlighted a 30% target reduction in gross capital expenditures per stall through its joint development agreement with Delta Electronics. Despite potential uncertainties, EVgo remains confident in its resilient business model and its ability to maintain growth momentum in the evolving EV landscape.

Record Growth in Charging Network

Full year revenue grew 60% year-over-year; Q4 revenue increased for the ninth sequential quarter of double-digit growth. Utilization reached 24%, up from 19% last year.

Expansion of Operational Stalls

Added a record 480 new operational stalls in Q4, totaling over 1,200 new stalls for the year and surpassing 4,000 operational stalls.

DOE Loan Guarantee Secured

Closed a $1.25 billion loan guarantee with the Department of Energy, with the first $75 million advance received in January 2025.

Strong Customer Growth

Customer accounts grew over 50% year-over-year, reaching over 1.3 million.

Significant Efficiency Improvements

Achieved a 9% reduction in gross CapEx per stall for current generation chargers and targeting a 30% reduction with new generation architecture.

Positive Adjusted EBITDA Trajectory

Adjusted EBITDA improved to a loss of $32.5 million for 2024, a $26.4 million improvement over 2023, with a target of EBITDA breakeven in 2025.

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EVgo (EVGO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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EVGO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2025	2025 (Q1)	-0.08 / -	-0.09	―	―	―
Mar 04, 2025	2024 (Q4)	-0.10 / -0.11	-0.12	8.33% (<+0.01)
Nov 12, 2024	2024 (Q3)	-0.11 / -0.11	-0.09	-22.22% (-0.02)
Aug 01, 2024	2024 (Q2)	-0.10 / -0.10	-0.08	-25.00% (-0.02)
May 07, 2024	2024 (Q1)	-0.11 / -0.09	-0.18	50.00% (+0.09)
Mar 06, 2024	2023 (Q4)	-0.17 / -0.12	-0.06	-100.00% (-0.06)
Nov 08, 2023	2023 (Q3)	-0.20 / -0.09	-0.19	52.63% (+0.10)
Aug 02, 2023	2023 (Q2)	-0.24 / -0.08	0.06	-233.33% (-0.14)
May 09, 2023	2023 (Q1)	-0.19 / -0.18	-0.21	14.29% (+0.03)
Mar 30, 2023	2022 (Q4)	-0.16 / -0.06	-0.18	66.67% (+0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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EVGO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 04, 2025	$2.44	$2.48	+1.64%
Nov 12, 2024	$5.40	$4.89	-9.44%
Aug 01, 2024	$3.84	$3.62	-5.73%
May 07, 2024	$1.99	$1.79	-10.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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