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Mar 31, 2024
EVgo Q1 2024 Earnings Report
EVgo's business continued to grow, achieving record results, and demonstrating the strength of owning and operating a fast-charging network.
Key Takeaways
EVgo reported a record revenue of $55.2 million, representing a 118% increase year-over-year, driven by growth in charging revenues and eXtendrevenue. Network throughput increased by 194% year-over-year, and the company added nearly 109,000 new customer accounts.
Revenue reached a record $55.2 million, an increase of 118% year-over-year.
Network throughput reached a record 53 GWh, an increase of 194% year-over-year.
Added 250 new operational stalls during the quarter, including EVgo eXtend™ stalls.
Added nearly 109,000 new customer accounts, reaching more than 981,000 overall.
Revenue by Segment
Forward Guidance
EVgo is reaffirming 2024 guidance with total revenue of $220 - $270 million and Adjusted EBITDA of ($48) - ($30) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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