Phillips 66 Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied decreased by 4.1% to $819.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 41.5%, from $579.00M to $819.00M. Over 3 years (FY 2022 to FY 2025), Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied shows an upward trend with a 24.3% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
A growing backlog indicates strong future demand and revenue visibility, while a shrinking backlog may signal a slowdown in new contract wins.
This represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsat...
Highly relevant for companies with long-term government or industrial contracts; a key indicator of competitive market position.
other_revenue_remaining_performance_obligation| Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $472.00M | $445.00M | $446.00M | $416.00M | $391.00M | $365.00M | $326.00M | $394.00M | $341.00M | $566.00M | $579.00M | $927.00M | $894.00M | $854.00M | $819.00M |
| QoQ Change | — | -5.7% | +0.2% | -6.7% | -6.0% | -6.6% | -10.7% | +20.9% | -13.5% | +66.0% | +2.3% | +60.1% | -3.6% | -4.5% | -4.1% |
| YoY Change | — | — | — | — | -17.2% | -18.0% | -26.9% | -5.3% | -12.8% | +55.1% | +77.6% | +135.3% | +162.2% | +50.9% | +41.5% |