Note 9 - Revenues

12 Months Ended

Dec. 31, 2018

Revenue from Contract with Customer [Text Block]

NOTE

—

REVENUES

Our revenues are derived from contracts for the sale of coal which is recognized at the point in time control is transferred to our customer. Generally, domestic sales contracts have terms of about

one

year and the pricing is typically fixed. Export sales have spot or term contracts and pricing can either be by fixed-price or a price derived against index-based pricing mechanisms. Disaggregated information about our revenues is presented below:

	Year ended December 31,
(In thousands)	2018		2017		2016
Coal Sales
Domestic revenues	$	121,433	$	31,199	$	-
Export revenues		106,141		27,599		2,167
Total coal sales		227,574		58,798		2,167
Coal Processing		-		2,238		3,049
Total revenues	$	227,574	$	61,036	$	5,216

As of

December 31, 2018,

the Company has outstanding performance obligations for

2019

of approximately

1.3

million tons for contracts having fixed pricing and

0.3

million tons for contracts with index-based pricing mechanisms.