Babcock & Wilcox Enterprises, Inc. filed its Form 10-Q with the U.S. Securities and Exchange Commission on August 10, 2026, covering the quarterly period ended June 30, 2026.
Key Highlights
- Share count: Common shares outstanding as of August 4, 2026 were 148,965,066.
- Senior Notes due 2026: The company's 6.50% Senior Notes due December 31, 2026 remain outstanding, and the filing notes an obligation to refinance or repay them prior to maturity as a disclosed risk.
- 8.125% Senior Notes redeemed: The 8.125% Senior Notes due February 28, 2026 were fully redeemed as of December 31, 2025, according to the filing.
- New secured notes: The company issued 8.75% Senior Secured Notes due June 30, 2030 in 2025.
- Going concern risk disclosed: The filing identifies as a risk factor "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 status: The company is classified as an accelerated filer and a smaller reporting company for the reporting period.
Babcock & Wilcox Q2 2026: Debt Obligations and Capital Structure
Babcock & Wilcox Enterprises, Inc. (NYSE: BW), headquartered at 1200 East Market Street, Suite 650, Akron, Ohio, submitted its quarterly report for the period ended June 30, 2026. The company had 148,965,066 shares of common stock outstanding as of August 4, 2026, according to the filing's cover page. In addition to its common stock, the company has two other securities listed on the New York Stock Exchange: its 6.50% Senior Notes due 2026, trading under the symbol BWNB, and its 7.75% Series A Cumulative Perpetual Preferred Stock, trading under the symbol BW PRA.
The filing highlights the company's debt structure as a key area of disclosure. The 8.125% Senior Notes due February 28, 2026 were fully redeemed as of December 31, 2025. The 6.50% Senior Notes due December 31, 2026 remain outstanding, and the company explicitly identifies the obligation to refinance or repay these notes prior to their maturity as a risk factor. The company also issued 8.75% Senior Secured Notes due June 30, 2030 in 2025. The company's revolving credit facility operates under a Credit Agreement with Axos Bank as administrative agent, swingline lender, and letter of credit issuer, originally dated January 18, 2024, as amended from time to time.
The filing lists among its risk factors "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 discloses risks related to its evaluation of strategic alternatives, its ability to deliver its backlog on time, and the financial and other covenants in its debt agreements. The filing notes it contains forward-looking statements subject to the company's cautionary language, and the company states it undertakes no obligation to publicly update or revise any forward-looking statement except as required by law.
What Was Disclosed
Babcock & Wilcox filed its quarterly report for the period ended June 30, 2026, disclosing 148,965,066 shares outstanding, the status of its senior notes, the issuance of new secured notes in 2025, and multiple risk factors including a referenced history of going concern doubt.





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