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Northwest Natural (NWN) backlog: remaining performance obligations

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

Data as of .

Northwest Natural backlog history

$0$500M$1BSep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026Jun 2026Backlog (RPO)Trailing 12-month revenue
Remaining performance obligations at each quarter end (bars) against trailing twelve-month revenue (line).
Amounts in USD. Source: SEC XBRL filings.
Quarter endBacklog (RPO)TTM revenueCoverageCustomer prepayments
30 Jun 2026$119M$1.29B0.1 yrsn/a
31 Mar 2026$112M$1.29B0.1 yrsn/a
31 Dec 2025$115M$1.29B0.1 yrsn/a
30 Sep 2025$120M$1.27B0.1 yrsn/a
30 Jun 2025$127M$1.24B0.1 yrsn/a
31 Mar 2025$119M$1.21B0.1 yrsn/a
31 Dec 2024$113M$1.15B0.1 yrsn/a
30 Sep 2024$70.9M$1.14B0.1 yrsn/a
30 Jun 2024$77.5M$1.14B0.1 yrsn/a
31 Mar 2024$77.2M$1.17B0.1 yrsn/a
31 Dec 2023$78.1M$1.20B0.1 yrsn/a
30 Sep 2023$83.5M$1.23B0.1 yrsn/a

Questions

What is Northwest Natural's backlog?
Northwest Natural reported $119M of remaining performance obligations at 30 Jun 2026, down 6% from a year earlier and up 6% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 1.03.

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.