Babcock & Wilcox Enterprises, Inc. filed its quarterly report on Form 10-Q with the SEC for the quarterly period ended September 30, 2026, disclosing financial results, capital structure changes, and ongoing risk factors for the industrial energy technology company listed on the NYSE.

Key Highlights

  • Share count: 145,446,002 shares of common stock were outstanding as of November 3, 2026, according to the filing.
  • Senior note redemption: The 6.50% Senior Notes due December 31, 2026, were fully redeemed as of August 31, 2026, the filing stated.
  • New debt instrument: The company issued 8.75% Senior Secured Notes due June 30, 2030, in 2025, according to the filing.
  • Prior note redemption: The 8.125% Senior Notes due February 28, 2026, were fully redeemed as of December 31, 2025, the filing disclosed.
  • Going-concern history: The filing noted "the potential for future conditions that could raise substantial doubt as to our ability to continue as a going concern, which has occurred in the past."
  • Filer classification: The company is classified as both an accelerated filer and a smaller reporting company, as indicated on the cover page.

Babcock & Wilcox Debt Restructuring and Capital Position Through September 2026

Babcock & Wilcox Enterprises, Inc. (NYSE:BW), an industrial energy technology company headquartered at 1200 East Market Street, Suite 650, Akron, Ohio, filed its Form 10-Q covering the quarterly period ended September 30, 2026. The filing covers continuing operations across the company's business segments and reflects several significant changes to its debt structure completed in 2025 and 2026.

According to the filing, the company completed the full redemption of its 6.50% Senior Notes due December 31, 2026 as of August 31, 2026, and had previously redeemed its 8.125% Senior Notes due February 28, 2026 as of December 31, 2025. The company issued 8.75% Senior Secured Notes due June 30, 2030 in 2025, which the filing identifies as a current debt instrument. The company's revolving credit facility operates under a Credit Agreement with Axos Bank as administrative agent, originally entered into on January 18, 2024 and subsequently amended. As of November 3, 2026, the company reported 145,446,002 shares of common stock outstanding.

The filing disclosed going-concern risk language in its forward-looking statements section, noting "the potential for future conditions that could raise substantial doubt as to our ability to continue as a going concern, which has occurred in the past." The company also cited risks including its ability to deliver backlog, maintain bonding and letter of credit capacity, comply with financial covenants in its debt agreements, and execute its stated growth strategy. The company's 7.75% Series A Cumulative Perpetual Preferred Stock trades on the NYSE under the symbol BW PRA alongside common stock trading under BW. The forward-looking statements included in the filing are the company's own and are subject to its cautionary language as described in the filing.

What Was Disclosed

The Form 10-Q for the quarter ended September 30, 2026 reported 145,446,002 common shares outstanding as of November 3, 2026, the full redemption of two senior note series, the issuance of new 8.75% Senior Secured Notes due 2030, and a going-concern risk disclosure citing conditions that have occurred in the past.