EV Infrastructure Profile · Owner-operator
EVgo: owner-operator of urban fast charging
How EVgo makes money from fast charging: network size, utilization, prices and the EVgo Plus membership, financing, the Tesla Supercharger agreement and the shift to NACS.
Drive Economics has no affiliation with, sponsorship from, or endorsement by any charging network, automaker, charger maker, utility or program named here.
The short answer
- EVgo owns and operates DC fast chargers and sells charging to drivers. It ended Q2 2026 with 5,380 stalls in operation: 3,930 on its public network and 1,330 built under eXtend, where EVgo builds and operates stations for partners (EVgo).
- Charging revenue is growing, but the company is not yet profitable. Charging network revenue was $61.4 million in Q2 2026, up 19%, while total revenue fell 16% to $82.6 million as non-charging work declined. 2026 guidance is $400–430 million in revenue and adjusted EBITDA of −$25 million to −$5 million (EVgo, Globe and Mail).
- Utilization is high for the industry. EVgo reported 20% utilization in Q2 2026, down from 22% a year earlier, against a 15.9% national average (Globe and Mail, Paren).
- Tesla will build and operate EVgo-owned Superchargers. EVgo owns the 500 kW V4 stalls, chooses the sites and sets the price; the stations appear in Tesla navigation (EVgo Q2 2026 call).
Role in the value chain
EVgo’s role in the charging value chain
Solid = performs this stage. Dashed = shares it with partners. Gray = left to others.
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Network size and where it is
AFDC lists 1,185 public EVgo sites with 5,272 DC fast ports, an average of 4.5 ports per site. California has 2,109 of those ports, followed by Texas and Illinois. EVgo’s own 5,380 count is higher because it includes eXtend and dedicated stalls (EVgo).
EVgo also retires older equipment: in Q2 2026 it added 280 stalls and removed 175 legacy stalls under its Renew program (EVgo).
Public DC fast-charging ports by network
Open public ports in the United States. EVgo highlighted.
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EVgo public DC fast ports by listed open year
Ports in AFDC today, grouped by each station’s listed open date.
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How drivers pay
EVgo shows the price for each charger in its app and at the charger, and prices vary by site and time of day. Pay-as-you-go sessions carry a $0.99 session fee. EVgo Plus costs $6.99 a month, removes session fees and lowers per-kWh prices; EVgo says members save “up to 15%” (EVgo pricing).
Where the membership pays off: the session fee alone is $0.99, so the $6.99 fee breaks even at about seven sessions a month before counting any per-kWh discount. Drivers who fast-charge a few times a month gain less.
For scale, EVgo’s Q2 charging network revenue ($61.4 million) divided by its throughput (99 GWh) works out to about $0.62 per kWh dispensed. That is our division, not a reported price, and it includes fees (EVgo).
EVgo Plus fee vs. pay-as-you-go session fees
Session fees only. Per-kWh savings come on top for members.
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Business economics
Throughput drives revenue. EVgo said about 75% of its year-over-year charging revenue growth came from more kilowatt-hours sold and 25% from higher revenue per kWh (EVgo Q2 2026 call). Average daily throughput was 276 kWh per stall, compared with 281 a year earlier (EVgo).
Federal loan financing. EVgo amended its U.S. Department of Energy loan to $750 million in April 2026, including $625 million of borrowings and up to $125 million of capitalized interest (EVgo Q1 2026 release).
Growth plan. EVgo expects to add 1,350 to 1,625 stalls in 2026 (EVgo). More stalls raise fixed costs before they raise utilization, which is why utilization dipped while throughput grew.
Connectors and the NACS shift
EVgo had 240 NACS (SAE J3400, the Tesla-style connector) connectors in operation at July 31, 2026, and aims to put a NACS connector at every site built in 2023 or later within two years (EVgo, EVgo Q2 2026 call). In AFDC, 10% of EVgo DC sites list a NACS connector today. The Tesla-built EVgo Superchargers use Magic Dock, which serves both NACS and CCS vehicles without an adapter (EVgo Q2 2026 call).
What it means
Price and membership
Per-kWh prices vary by site and hour. EVgo Plus fits drivers who fast-charge often; occasional users usually pay less without it.
Lease, not own
On EVgo’s public network, EVgo owns the equipment and the host provides the space. eXtend is the option for partners that want to own branded stations.
Demand charges and capacity
High-power urban sites draw large peaks. Commercial EV rates that phase in or replace demand charges matter most at low utilization.
About this profile
EVgo’s stall counts include its public network, eXtend and dedicated stalls (EVgo). The per-kWh revenue figure is our division of reported charging revenue by reported throughput.
Network counts are public, open stations in the U.S. Department of Energy’s Alternative Fuels Data Center (AFDC) station data, downloaded October 25, 2026 (AFDC station API). AFDC lists each charging location as a station and counts ports by type; company totals can differ because companies count private, fleet and partner-branded ports and use different definitions of a stall or port.
Fast-charging prices, utilization and reliability are from Paren’s Q3 2026 U.S. fast-charging report, which tracks more than 98% of U.S. DC fast ports. Prices are averages; the price at a given site and hour can be far from the average.
Company revenue, margin and loss figures are as reported by each company and are not adjusted. Figures checked October 25, 2026.
Drive Economics has no affiliation with, sponsorship from, or endorsement by any charging network, automaker, charger maker, utility or program named here.