The solution of Nekrasov’s integral equation is described. By means of this solution the wave kinetic, potential, and full mechanical energies are defined as functions of fluid depth and wavelength. The wave obeys the laws of mass and energy conservation. It is found that for any constant depth of fluid the wavelength is bounded from above by a value denoted as maximal wavelength. At maximal wavelength 1) the maximum slope of the free surface of the wave exceeds 38^o and the value 45^o is supposed attainable,2) the wave kinetic energy vanishes. The stability of a steady wave considered as a compound pendulum is analyzed.