Welcome to our dedicated page for Babcock & Wilcox Enterprises I SEC filings (Ticker: BW), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Babcock & Wilcox Enterprises, Inc. filings document the formal disclosures of an energy technology and environmental products company serving power and industrial markets. Recent 8-K reports cover operating results, Regulation FD investor materials, material definitive agreements for natural gas-fired boiler and steam turbine systems, amendments to credit and security agreements, and dividends on the 7.75% Series A Cumulative Perpetual Preferred Stock.
Proxy and governance filings describe annual meeting proposals, board composition, director compensation policies, officer transitions, indemnification agreements, and stockholder voting matters. The filing record also identifies the company’s public securities, including common stock, preferred stock and 6.50% senior notes due 2026, alongside forward-looking disclosure tied to its project pipeline and technology portfolio.
Babcock & Wilcox Enterprises director Philip D. Moeller reported compensation-related share activity involving restricted stock units. He exercised or converted 85,000 restricted stock units into common stock, and 46,750 shares were settled in cash by the company to cover tax payments under the award terms. After these transactions, he directly held 235,809 shares of common stock. Moeller also received a new grant of 8,725 restricted stock units under the Amended and Restated 2021 Long-Term Incentive Plan, which are scheduled to vest on May 15, 2027 or on the date of the next annual meeting, whichever is earlier.
Babcock & Wilcox Enterprises director Joseph A. Tato reported compensation-related equity activity. On May 15, 2026, he exercised 85,000 restricted stock units into common stock at a reported value of $21.22 per share. To facilitate tax payments, 46,750 shares were settled back to the company in cash under the award terms, rather than sold on the open market. Following these transactions, he directly held 254,088 common shares. He also received a new grant of 8,725 restricted stock units under the Amended and Restated 2021 Long-Term Incentive Plan, each representing one share of common stock, vesting by May 15, 2027 or the next annual meeting, whichever is earlier.
Babcock & Wilcox Enterprises entered into an underwriting agreement for an underwritten public offering of 10,810,811 shares of common stock at $18.50 per share. Underwriters received a 30‑day option for 1,621,621 additional shares, and closing on May 18, 2026 resulted in 12,432,432 shares issued in total, for gross proceeds of approximately $200 million before fees.
All shares are being offered by the Company under its effective shelf registration statement on Form S‑3. B&W plans to use net proceeds primarily to prepay amounts under its Credit Agreement, then reborrow to fund project capital and working capital, including AI data center power generation projects, potential acquisitions, growth initiatives, balance sheet strengthening and general corporate purposes.
Babcock & Wilcox Enterprises, Inc. is offering 10,810,811 shares of Common Stock. The prospectus supplement describes a firm-commitment underwritten offering at a public offering price of $18.50 per share with gross proceeds of approximately $200.0 million and an underwriter option to purchase up to an additional 1,621,621 shares for 30 days.
The company expects to use net proceeds to prepay amounts under its Credit Agreement (subject to lender requirements), and to reborrow for project-related capital, BrightLoop commercialization, AI data center projects, potential acquisitions, and general corporate purposes. The offering will increase shares outstanding to 147,023,312 (or 148,644,933 if the option is exercised).
Babcock & Wilcox Enterprises plans an underwritten public offering of $200 million of common stock. The company expects to grant underwriters a 30-day option to buy up to an additional 15% of the shares sold. All shares will be issued by B&W under an existing shelf registration.
The company intends to use net proceeds primarily to prepay amounts outstanding under its Credit Agreement, then reborrow to fund project-related capital and working capital, including steam turbine and boiler production, AI data center power generation projects, growth initiatives, possible acquisitions, and general corporate purposes.
Babcock & Wilcox Enterprises, Inc. is offering shares of its Common Stock in an underwritten public offering under a preliminary prospectus supplement. The offering is being underwritten on a firm commitment basis with a 30-day option for additional shares.
Proceeds are required to be applied to prepay amounts outstanding under the Company’s Credit Agreement and the Company states it would intend to reborrow such amounts to fund project-related capital, working capital, growth initiatives including AI data center projects and BrightLoop commercialization, potential acquisitions, and general corporate purposes. The Company reported 136,212,501 shares outstanding as of May 6, 2026, had approximately $58.2 million available under an at-the-market program as of May 12, 2026, and reported a pipeline of over $14.0 billion with a BrightLoop™ pipeline of more than $2.3 billion. The prospectus supplement discloses material credit metrics and contingencies, including an up to $150.0 million asset-based Credit Facility and approximately $37.9 million outstanding under the Credit Agreement as of March 31, 2026.
Babcock & Wilcox Enterprises, Inc. filed a Form 8-K to share a new investor presentation outlining its business, markets and capital structure. The presentation highlights trailing twelve-month revenue of $653.5 million and a net loss from continuing operations of $96.8 million, with adjusted EBITDA of $55.8 million over the same period. For the quarter ended March 31, 2026, revenue was $214.4 million and net loss from continuing operations was $79.6 million, compared with adjusted net income from continuing operations of $2.2 million after excluding significant non-cash warrant and stock appreciation rights costs. The company reports total debt of $237.2 million, cash, cash equivalents and restricted cash of $194.8 million, and net debt of $42.4 million as of March 31, 2026. The materials also describe a $2.4 billion, 1.2 GW natural gas power project for Base Electron to serve AI data centers and a global business pipeline of more than $14 billion in potential opportunities, positioning B&W around growing demand from AI factories, data centers and carbon capture-ready power solutions.
Babcock & Wilcox Enterprises’ quarter ended March 31, 2026 showed much stronger revenue but a sharply higher loss. Revenue rose to $214.4 million from $148.6 million, driven mainly by large project activity, including $31.0 million from the new Base Electron power plant contract linked to AI‑driven electricity demand.
Despite the top-line growth, the company reported a loss from continuing operations of $79.6 million, compared with $15.6 million a year earlier. The wider loss was largely due to a non‑cash $70.2 million increase in the fair value of customer warrants tied to Applied Digital/Base Electron as the share price rose, plus higher stock‑based compensation and tax expense. Excluding these and other adjustments, Adjusted EBITDA improved to $16.1 million from $4.0 million, reflecting stronger underlying project performance.
Cash, cash equivalents and restricted cash totaled $194.8 million, and management states that substantial doubt about the company’s ability to continue as a going concern has been alleviated. Backlog reached $2.7 billion, with revenue expected over multiple years, while stockholders’ deficit stood at $172.1 million and total liabilities at $929.9 million.
Babcock & Wilcox Enterprises reported a sharply stronger start to 2026, with first-quarter revenue of $214.4 million, up 44% from 2025, driven largely by more than $60 million of large project volume including its Base Electron project. Adjusted EBITDA rose to $16.1 million, a 296% increase, and adjusted net income from continuing operations reached $2.2 million versus an adjusted loss a year ago. The company still posted a GAAP net loss from continuing operations of $79.6 million, mainly due to $81.8 million of non-cash warrant and stock appreciation rights valuation impacts tied to improved share performance. Bookings surged to $2.5 billion and backlog to $2.7 billion, while the global pipeline exceeded $14.0 billion. Net debt fell to $42.4 million at March 31, 2026, and B&W reiterated its full-year 2026 adjusted EBITDA target range of $80.0 million to $100.0 million from its core business.