Enterprise Products Partners L.P reported $25.8B of remaining performance obligations at 30 Sep 2026, down 4% from a year earlier and down 0% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.
Net new backlog added in the latest quarter: -$120M.
Over the last twelve months it turned about 243% of its opening backlog into revenue (12-month conversion).
The company reports 5% of the backlog due within the first 3 months.
Customer prepayments (contract liabilities) cover 2.1% of the backlog.
Twelve-month book-to-bill: 0.98, i.e. 0.98 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -26 points — revenue is catching up with orders.
By backlog size it ranks 36th among US filers the cockpit tracks.
Enterprise Products Partners L.P backlog history
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter end
Backlog (RPO)
TTM revenue
Coverage
Customer prepayments
30 Sep 2026
$25.8B
$64.4B
0.4 yrs
$534M
30 Jun 2026
$25.9B
$58.5B
0.4 yrs
$440M
31 Mar 2026
$26.4B
$51.6B
0.5 yrs
$435M
31 Dec 2025
$27.1B
$52.6B
0.5 yrs
$418M
30 Sep 2025
$27.0B
$53.0B
0.5 yrs
$411M
30 Jun 2025
$27.5B
$54.8B
0.5 yrs
$444M
31 Mar 2025
$25.7B
$56.9B
0.5 yrs
$465M
31 Dec 2024
$26.0B
$56.2B
0.5 yrs
$452M
30 Sep 2024
$25.4B
$56.6B
0.4 yrs
$489M
30 Jun 2024
$26.1B
$54.9B
0.5 yrs
$476M
31 Mar 2024
$25.3B
$52.0B
0.5 yrs
$450M
31 Dec 2023
$25.5B
$49.7B
0.5 yrs
$519M
Questions
What is Enterprise Products Partners L.P's backlog?
Enterprise Products Partners L.P reported $25.8B of remaining performance obligations at 30 Sep 2026, down 4% from a year earlier and down 0% from the previous quarter. That is 0.4 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.
How fast does Enterprise Products Partners L.P's backlog turn into revenue?
Over the last twelve months Enterprise Products Partners L.P recognised revenue equal to about 243% of the backlog it started each quarter with.
About these numbers
Remaining performance obligations (RPO) are revenue a company has contracted but not yet recognised, as reported in its SEC filings (XBRL tag RevenueRemainingPerformanceObligation). Coverage = backlog ÷ trailing twelve-month revenue. Book-to-bill = (change in backlog + revenue) ÷ revenue. Conversion = revenue recognised ÷ the backlog at the start of each quarter, summed over four quarters. Counterparty values come from company filings and releases.