Note 9 - Revenues

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

REVENUES.

NOTE 9—REVENUE

Our revenue is 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. Sales completed with delivery to an export terminal are reported as export revenue. Disaggregated information about our revenue is presented below:

	Three months ended June 30,				Six months ended June 30,
(In thousands)	2021		2020		2021		2020
Coal Sales
North American revenues	$	37,550	$	31,005	$	57,656	$	62,510
Export revenues, excluding Canada		38,507		5,369		61,855		15,800
Total revenues	$	76,057	$	36,374	$	119,511	$	78,310

At June 30, 2021, we had outstanding performance obligations for the remainder of 2021 of approximately 0.8 million tons for contracts with fixed sales prices averaging $86/ton and 0.1 million tons for contracts with index-based pricing mechanisms.