Williams Companies reported $30.7B of remaining performance obligations at 30 Jun 2026, down 4% from a year earlier and down 3% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.73.
Net new backlog added in the latest quarter: -$910M.
Over the last twelve months it turned about 48% of its opening backlog into revenue (12-month conversion).
Customer prepayments (contract liabilities) cover 3.0% of the backlog.
Twelve-month book-to-bill: 0.91, i.e. 0.91 of new orders for every 1 of revenue recognised.
Backlog growth minus revenue growth: -14 points — revenue is catching up with orders.
By backlog size it ranks 31st among US filers the cockpit tracks.
Williams Companies 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 Jun 2026
$30.7B
$15.4B
2.0 yrs
$932M
31 Mar 2026
$31.6B
$15.4B
2.1 yrs
$917M
31 Dec 2025
$32.2B
$14.9B
2.2 yrs
$948M
30 Sep 2025
$32.0B
$14.5B
2.2 yrs
$1.00B
30 Jun 2025
$32.1B
$14.0B
2.3 yrs
$1.05B
31 Mar 2025
$32.1B
$13.5B
2.4 yrs
$1.02B
31 Dec 2024
$31.1B
$12.6B
2.5 yrs
$1.05B
30 Sep 2024
$31.1B
$12.2B
2.5 yrs
$1.09B
30 Jun 2024
$28.9B
$12.3B
2.4 yrs
$1.06B
31 Mar 2024
$28.5B
$12.2B
2.3 yrs
$1.05B
31 Dec 2023
$29.1B
$12.0B
2.4 yrs
$1.08B
30 Sep 2023
$29.1B
$13.1B
2.2 yrs
$1.01B
Questions
What is Williams Companies's backlog?
Williams Companies reported $30.7B of remaining performance obligations at 30 Jun 2026, down 4% from a year earlier and down 3% from the previous quarter. That is 2.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.73.
How fast does Williams Companies's backlog turn into revenue?
Over the last twelve months Williams Companies recognised revenue equal to about 48% 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.