Investor overview highlights data center power projects and pipeline
Babcock & Wilcox highlighted a $2.4 billion, 1.2 GW natural gas steam-power project for Base Electron in North Dakota.
Scope includes four 300 MW natural gas boilers; Siemens Energy will supply steam turbine generator sets; there is future expansion potential of another 1.2 GW.
Management cited a 2026-2028 opportunity pipeline of over $14 billion, tied to baseload generation demand, including behind-the-meter data center projects.
Trailing 12-month revenue through June 30, 2026 was $834.3 million; adjusted EBITDA was $63.8 million; net loss from continuing operations was $75.1 million.
Pro forma capital structure at June 30, 2026 showed total debt of $239.8 million; cash of $382.8 million; cash in excess of debt about $143 million.
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