---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-106447"
form_type: "8-K"
ticker: "BW"
cik: "0001630805"
company_name: "Babcock & Wilcox Enterprises, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:38:34.379195+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# B&W Q3 operating income +315% to $6.5M; signs $1.5B AI data center LNTP with Applied Digital

## Summary
- Q3 operating income $6.5M (+315% YoY); Adj EBITDA $12.6M (+59% YoY); revenue $149M vs $152.6M.
- Signed $1.5B LNTP with Applied Digital for 1GW natural gas AI data center; full release expected Q1 2026.
- Paid down $70M of Feb 2026 bonds; redeeming all $26M 8.125% Senior Notes on Dec 5, 2025.
- FY2026 Adj EBITDA target $70-85M from core business (~80% growth); pipeline exceeds $10B.
- Completed sale of Allen-Sherman-Hoff for $29M to ANDRITZ; issued 500k shares and warrant to Applied Digital for $2.057M.

## SEC filing metadata
- accession: 0001104659-25-106447
- form_type: 8-K
- ticker: BW
- cik: 0001630805
- company_name: Babcock & Wilcox Enterprises, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 3.02, 8.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1630805/000110465925106447/0001104659-25-106447-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1630805/000110465925106447/tm2530246d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-106447
- JSON: https://secwatch.observer/filing/0001104659-25-106447.json
- Plain text: https://secwatch.observer/filing/0001104659-25-106447.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.