Note 8 - Revenue

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

REVENUE.

NOTE 8—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)	2022		2021		2022		2021
Coal Sales
North American revenue	$	91,397	$	37,550	$	150,629	$	57,656
Export revenue, excluding Canada		47,258		38,507		142,908		61,855
Total revenue	$	138,655	$	76,057	$	293,537	$	119,511

At June 30, 2022, we had outstanding performance obligations for the remainder of 2022 of approximately 1.1 million tons for contracts with fixed sales prices averaging $196/ton and 0.2 million tons for contracts with index-based pricing mechanisms.