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GlobeNewswire·

EVgo Inc. Reports Third Quarter 2026 Results

  • EVgo charging network revenue totaled $72 million in Q3 2026, a 29% year-over-year increase marking the 19th consecutive quarter of double-digit growth.
  • Network throughput reached 103 GWh in Q3 2026, an 8% year-over-year increase.
  • The company ended Q3 2026 with 5,530 stalls in operation, a 20% year-over-year increase, adding 160 new DC fast charging stalls during the quarter.
  • Customer accounts surpassed 1.9 million total, with over 95,000 new accounts added in the third quarter.
  • EVgo deployed its first EVgo Supercharger site in the Chicago area, with NACS connectors available in Tesla navigation.
  • Over 290 NACS connectors were in operation as of November 6, 2026.
  • EVgo is developing a next-generation 750 kW charging architecture with deployments anticipated to begin in 2027.
  • Partnerships with Brixmor & Regency Centers aim to add over 900 new fast chargers at grocery-anchored shopping centers.
  • Average daily throughput per stall was 283 kWh in Q3 2026; excluding OEM programs, throughput increased 7% year-over-year.
  • EVgo sold its 2025 portfolio of 30C income tax credits for $7.7 million net of transaction costs.
  • GAAP net loss for Q3 2026 was $49.2 million, a 74% increase from $28.4 million in Q3 2025.
  • Adjusted EBITDA for Q3 2026 was $(3.5) million, improving from $(5.0) million in the prior year period.
  • GAAP capital expenditures for the nine months ended September 30, 2026, were $99.2 million, with net capital expenditures of $76.7 million after offsets.
  • EVgo updated its 2026 guidance to project total revenue between $375 million & $400 million, and total new stalls between 1,075 & 1,275.
  • On November 2, 2026, EVgo received a non-binding proposal from LS Power to acquire all outstanding Class A shares not owned by LS Power for $2.00 per share.
  • A special committee of independent directors was formed to evaluate the LS Power proposal, with no definitive agreement currently executed.
  • EVgo will host a webcast on November 9, 2026, at 9 a.m. ET to discuss Q3 results & business highlights.
Company
EVgo Services LLC
Keywords
Nasdaq:EVGO, EVgo Services LLC