Note 7 - Revenues

3 Months Ended

Mar. 31, 2020

NOTE 7—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 March 31,
(In thousands)	2020		2019
Coal Sales
Domestic revenues	$	30,532	$	36,571
Export revenues		11,403		20,889
Total revenues	$	41,935	$	57,460

As of March 31, 2020, we had outstanding performance obligations for the remainder of 2020 of approximately 1.1 million tons for contracts with fixed sales prices. As further discussed in Note 11, volumes under these contracts may be delayed or curtailed due to COVID-19.