Babcock & Wilcox presents project pipeline exceeding $16 billion
BW•Babcock & Wilcox outlined a project pipeline exceeding $16 billion for 2026-2028, driven by baseload generation demand and AI data center power needs. Third-quarter revenue was $291 million and adjusted EBITDA was $18 million; pro forma debt was $166 million and cash, cash equivalents and restricted cash totaled $129 million as of September 30, 2026.
1. Pipeline and quarterly figures
Babcock & Wilcox outlined a project pipeline exceeding $16 billion for 2026-2028, driven by baseload generation demand and AI data center power needs. For the quarter ended September 30, 2026, revenue was $291 million and adjusted EBITDA was $18 million. Trailing 12-month revenue totaled $986 million, with adjusted EBITDA of $72 million. Pro forma total debt was $166 million, while cash, cash equivalents and restricted cash totaled $129 million as of September 30.
