What is EQT's backlog?

EQT reported $10.6B of remaining performance obligations at 30 Sep 2026, down 9% from a year earlier and down 2% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.86.

How fast does EQT's backlog turn into revenue?

Over the last twelve months EQT recognised revenue equal to about 83% of the backlog it started each quarter with.

EQT (EQT) backlog: remaining performance obligations

How much revenue EQT already has under contract, how fast it converts, and who it is with.

Data as of 7 Nov 2026.

Open the interactive Backlog view EQT competitor analysis

EQT reported $10.6B of remaining performance obligations at 30 Sep 2026, down 9% from a year earlier and down 2% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.86.
Net new backlog added in the latest quarter: -$251M.
Over the last twelve months it turned about 83% of its opening backlog into revenue (12-month conversion).
The company reports 3% of the backlog due within the first 3 months.
Twelve-month book-to-bill: 0.89, i.e. 0.89 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -28 points — revenue is catching up with orders.
By backlog size it ranks 73rd among US filers the cockpit tracks.

EQT 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	$10.6B	$9.35B	1.1 yrs	n/a
30 Jun 2026	$10.9B	$9.54B	1.1 yrs	n/a
31 Mar 2026	$11.1B	$10.3B	1.1 yrs	n/a
31 Dec 2025	$11.4B	$8.64B	1.3 yrs	$6.20M
30 Sep 2025	$11.7B	$7.88B	1.5 yrs	n/a
30 Jun 2025	$11.9B	$7.21B	1.7 yrs	n/a
31 Mar 2025	$12.1B	$5.60B	2.2 yrs	n/a
31 Dec 2024	$12.3B	$5.27B	2.3 yrs	$24.2M
30 Sep 2024	$11.6B	$5.69B	2.0 yrs	n/a

Questions

What is EQT's backlog?: EQT reported $10.6B of remaining performance obligations at 30 Sep 2026, down 9% from a year earlier and down 2% from the previous quarter. That is 1.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.86.
How fast does EQT's backlog turn into revenue?: Over the last twelve months EQT recognised revenue equal to about 83% 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.