Babcock & Wilcox Enterprises, Inc.

Babcock & Wilcox Receives Award to Begin Work on Approximately $130 Million Air Quality Control Project

Babcock & Wilcox received a limited notice to proceed on an approximately $130 million air quality control project for a U.S. coal-fired power plant. Under the LNTP, the company will begin development, engineering and long-lead procurement, with subsidiary Babcock & Wilcox Construction Co., LLC expected to execute the construction and installation scope. Management framed the award as part of what it calls unprecedented growth in coal-fired baseload power demand, with North American utilities investing to keep existing coal assets reliable, efficient and environmentally compliant. The LNTP covers early-phase work only, so the final award value and construction phase remain contingent on a full notice to proceed.

•1mo ago

Babcock & Wilcox Enterprises Completes Full Redemption of 2026 Notes

Babcock & Wilcox announced the full redemption of its 6.50% Senior Notes due 2026, paying off the entire $61.4 million principal amount plus accrued interest. CFO Cameron Frymyer noted that the move reflects progress in strengthening the company's financial position, resulting in its strongest balance sheet in recent history. The company plans to leverage this improved liquidity to pursue opportunities in the AI, data center, utility, and industrial power generation markets.

•2mo ago

Babcock & Wilcox Signs Agreement with Siemens Energy to Commence Work on 20 Steam Turbines for Data Center Power Generation

Babcock & Wilcox signed an agreement with Siemens Energy to commence work on 20 steam turbine generator sets totaling 1 GW of capacity for its FastPower data center projects. The agreement leverages 50-megawatt turbine units to address accelerated timelines required by AI data center customers and large-scale power generation projects. This move expands B&W's backlog visibility and strengthens its collaboration with Siemens Energy to meet growing energy infrastructure demands.

•2mo ago

Babcock & Wilcox Enterprises Reports Second Quarter 2026 Results

Babcock & Wilcox reported a strong turnaround in the second quarter, with revenue soaring 130% year-over-year to $319.7 million and net income reaching $14.3 million, or $0.07 per share. Driven by demand for AI data center power solutions, the company raised its full-year 2026 Adjusted EBITDA guidance to a range of $80.0 million to $105.0 million and reported a backlog of $2.6 billion, up 533% from the prior year. The Board authorized a new $50 million share repurchase program, and the company announced plans to repurchase the remaining $61.8 million of bonds due in December 2026.

•2mo ago

BW: 10-Q · periodic report

Babcock & Wilcox posted a breakout second quarter: revenue more than doubled to $319.7 million from $138.9 million a year ago, and continuing operations swung to income of $14.3 million ($0.07 diluted EPS) versus a $7.4 million loss in Q2 2025, with Adjusted EBITDA up to $21.8 million from $13.9 million. The surge is anchored by the $2.4 billion Base Electron agreement signed in February 2026 to design and install four 300-megawatt natural gas-fired power plants serving an AI factory tied to Applied Digital; it contributed $100.7 million of Q2 revenue and drove total backlog to $2.57 billion, up from $405.6 million a year earlier. The balance sheet was rebuilt during the period: a May 2026 offering of 12.4 million shares raised $218.2 million net, lifting cash to $308.6 million, and subsequent events included a July 13 redemption notice for all $61.4 million of the 6.50% Senior Notes due 2026 plus a new $50 million buyback authorization. Caveats remain: the six-month GAAP net loss of $62.7 million was driven by a $64.4 million non-cash warrant fair-value charge, shares outstanding grew roughly 14% year-to-date to 149.0 million with another 10.46 million warrant shares at $4.11 outstanding, and management concluded disclosure controls were not effective because previously reported material weaknesses are not yet remediated.

SEC 10-Q•2mo ago

Babcock & Wilcox Announces Full Redemption of Notes

Babcock & Wilcox issued a notice of redemption to retire all $61.4 million in outstanding principal of its 6.50% Senior Notes due 2026. The notes are set to be redeemed on August 13, 2026, at 100% of the principal amount plus accrued interest, with no notes remaining outstanding upon completion. This transaction eliminates the 6.50% fixed-rate interest obligation, providing a modest improvement to the company's balance sheet.

•3mo ago

Babcock & Wilcox Board Authorizes Share Repurchase Program of Up to $50 Million

Babcock & Wilcox's Board authorized a share repurchase program of up to $50 million, with repurchases set to begin after its Q2 2026 Form 10-Q is filed. The program allows for purchases through open-market, privately negotiated, or block transactions, depending on market conditions. CEO Kenneth Young stated the authorization reflects confidence in the balance sheet and shareholder value creation.

•3mo ago

Babcock & Wilcox to Support TerraSpark’s Development Efforts for 1.6 GW Coal-fired Power Plant Project in West Virginia

Babcock & Wilcox announced a collaboration with TerraSpark to support the development of a 1.6 GW coal-fired power plant in West Virginia. B&W’s anticipated scope includes designing and supplying four 400-MW supercritical boilers, advanced emissions control equipment, and construction services. The project has secured an $18.5 million grant from the U.S. Department of Energy and will utilize Mantel’s carbon capture technology to reduce emissions.

•4mo ago