FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Fair Value of Financial Assets and Liabilities


(in thousands)	September 30, 2025		Level 1
Corporate notes and bonds	$	5,124	$	5,124

United States Government and agency securities	1,957		1,957
Total fair value of securities	$	7,081	$	7,081


(in thousands)	December 31, 2024		Level 1
Corporate notes and bonds	$	5,196	$	5,196

United States Government and agency securities	1,598		1,598
Total fair value of securities	$	6,794	$	6,794

The fair value of the senior notes is based on readily available quoted market prices (known as "Level 1") as of September 30, 2025.


	September 30, 2025
(in thousands)	Carrying Value		Estimated Fair Value
8.125% Senior Notes ("BWSN")	$	98,420	$	98,814
6.50% Senior Notes ("BWNB")	90,940		83,810

The fair value of the senior notes is based on present value of future cash flows discounted at estimated borrowing rates for similar debt instruments or on estimated prices based on current yields for debt issues of similar quality and terms (known as "Level 2") as of September 30, 2025.


	September 30, 2025
(in thousands)	Carrying Value		Estimated Fair Value
8.75% Senior Notes	$	121,073	$	122,840

Babcock & Wilcox Enterprises, Inc. 10-Q