EVGO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Network throughput (GWh) on the EVgo Public Network for the six months ended190 172

• Number of DC Stalls on the EVgo Owned Public Network (in thousands) as of3.9 3.5

• Change in fair value of warrant liabilities268 360 (92)(26)%

• Number of DC Stalls on the EVgo Public Network (in thousands) as of3.93.5

• Total revenue for the three months ended June 30, 2026 decreased $15.4 million, or 16%, to $82.6 million compared to $98.0 million for the three months ended June 30, 2025. As further discussed below, the decrease in total revenue was primarily due to a $19.4 million decrease in eXtend revenue and a…

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• Number of DC Stalls on the EVgo Owned Public Network (in thousands) as of4.0 3.5

• Depreciation, net of capital-build amortization16,577 15,955 622 4 %

• Total revenue for the three months ended March 31, 2026 increased $34.2 million, or 45%, to $109.5 million compared to $75.3 million for the three months ended March 31, 2025. As further discussed below, the increase in revenue was primarily due to a $15.9 million increase in AV and ancillary revenu…

• Total Charging Network. Total charging network, for the three months ended March 31, 2026 increased $8.6 million, or 18%, to $55.7 million compared to $47.1 million for the three months ended March 31, 2025. Period-over-period growth was primarily due to a $3.8 million increase in network revenue, O…

• eXtend Revenue. eXtend revenue for the three months ended March 31, 2026 increased $9.7 million, or 41%, to $33.2 million compared to $23.5 million for the three months ended March 31, 2025. The increase was primarily due to a $6.1 million increase in construction revenue due to higher construction …

Text added vs the prior filing · source: 10-Q · 2026-08-06

• We are exposed to interest rate risk on our variable rate borrowings under our Credit Agreement, which bears interest at SOFR plus an applicable margin. Accordingly, interest rate fluctuations affect the amount of interest expense we are obligated to pay. We currently use an interest rate collar to …

• In June 2026, we entered into an interest rate collar with an initial notional amount of approximately $35.7 million (subject to amortization), effective June 30, 2026 and maturing July 23, 2030. The collar caps our exposure to SOFR at 4.250% and establishes a floor of 3.715%. The collar was entered…

• Taking our interest rate collar into account, a sensitivity analysis of the impact on our variable rate under our Credit Agreement to a hypothetical 100 basis point increase in SOFR for the three months ended June 30, 2026 would not have a material impact on the quarterly interest expense. To the ex…

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• We are exposed to risks associated with changes in interest rates. Net of interest rate swaps, the majority of our total indebtedness remains subject to US-based variable interest rate risk tied to changes in the federal funds rate and SOFR. In the future may enter into interest rate swaps to manage…

• Our ultimate realized gain or loss with respect to interest rate fluctuations will depend on interest rates, the exposures that arise during the period and our hedging strategies at that time. As an example, if interest rates were to increase or decrease by 1% or 100 basis points, it would not have …

Text added vs the prior filing · source: 10-Q · 2026-08-06

• During the three months ended June 30, 2026, no Section 16 officers adopted, modified or terminated a “Rule 10b5-1 trading arrangement” (as defined in Item 408 of Regulation S-K of the Exchange Act).

• There were no “non-Rule 10b5-1 trading arrangements” (as defined in Item 408 of Regulation S-K of the Exchange Act) adopted, modified or terminated during the three months ended June 30, 2026 by any of our Section 16 officers or directors.

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• On April 29, 2026, EVgo Swift Borrower LLC (the “Borrower”), a subsidiary of the Company, entered into the First Omnibus Amendment Agreement (the “Amendment”) to the Loan Guarantee Agreement, dated as of December 12, 2024 (the “Guarantee Agreement”), with the DOE as guarantor, with respect to the te…

• The Amendment modifies certain terms of the Guarantee Agreement, the material terms of which are described below. Capitalized terms used herein but not defined shall, unless otherwise indicated, have the meanings ascribed to them in the Guarantee Agreement.

• The Amendment changes the Maximum Guaranteed Loan Amount under the facility to $750 million (which includes $625 million in borrowings and up to $125 million in capitalized interest), from approximately $1.248 billion. Specifically, the Maximum Aggregate Amount of Advances is changed to $625 million…

• Borrowings under the DOE Loan bear interest at a rate based on U.S. Treasury rates plus an applicable margin, totaling approximately 1.2%, and interest accrued during the deployment period is eligible for capitalization in accordance with the terms of the Guarantee Agreement.

• The Amendment permits the Borrower to make additional borrowings in an amount equal to 80% of the aggregate of all Eligible Project Costs of assets held by the Borrower (subject to certain regulatory and contractual requirements),