Note 11 - Revenue

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

REVENUE.

NOTE 11—REVENUE

Our revenue is derived from contracts for the sale of coal which is recognized when the performance obligations under the contracts are satisfied, which is 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 revenue is presented below:

	Year ended December 31,
(In thousands)	2021		2020		2019
Coal Sales
North American revenues	$	143,946	$	119,981	$	170,927
Export revenues, excluding Canada		139,448		48,934		59,286
Total revenues	$	283,394	$	168,915	$	230,213

As of December 31, 2021, outstanding performance obligations for 2022 totaled approximately 1.8 million tons for contracts having fixed pricing and 0.1 million tons for contracts with index-based pricing mechanisms.