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Revenues from Contracts with Customers
9 Months Ended
Sep. 30, 2020
Revenue from Contract with Customer [Abstract]  
Revenues RevenuesSubstantially all revenue-generating activities relate to sales of refined product and excess crude oil inventories sold at market prices (variable consideration) under contracts with customers. Additionally, we have revenues attributable to HEP logistics services provided under petroleum product and crude oil pipeline transportation, processing, storage and terminalling agreements with third parties.
Disaggregated revenues were as follows:    
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
(In thousands)
Revenues by type
Refined product revenues
Transportation fuels (1)
$1,949,381 $3,354,927 $5,812,974 $9,796,334 
Specialty lubricant products (2)
421,254 461,669 1,232,491 1,413,194 
Asphalt, fuel oil and other products (3)
171,844 299,305 518,485 767,023 
Total refined product revenues2,542,479 4,115,901 7,563,950 11,976,551 
Excess crude oil revenues (4)
243,742 264,675 606,915 997,988 
Transportation and logistic services26,740 29,868 72,410 89,388 
Other revenues (5)
6,439 14,384 39,600 40,763 
Total sales and other revenues$2,819,400 $4,424,828 $8,282,875 $13,104,690 
Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
(In thousands)
Refined product revenues by market
United States
Mid-Continent$1,254,828 $2,191,014 $3,655,412 $6,283,488 
Southwest580,818 913,326 1,751,066 2,772,281 
Rocky Mountains343,905 611,003 1,087,657 1,739,401 
Northeast149,855 151,919 420,588 427,926 
Canada150,618 184,784 454,141 536,911 
Europe, Asia and Latin America62,455 63,855 195,086 216,544 
Total refined product revenues$2,542,479 $4,115,901 $7,563,950 $11,976,551 

(1)Transportation fuels consist of gasoline, diesel and jet fuel.
(2)Specialty lubricant products consist of base oil, waxes, finished lubricants and other specialty fluids.
(3)Asphalt, fuel oil and other products revenue include revenues attributable to our Refining and Lubricants and Specialty Products segments of $140.2 million and $31.6 million, respectively, for the three months ended September 30, 2020, $421.0 million and $97.5 million, respectively for the nine months ended September 30, 2020, $231.4 million and $67.9 million, respectively, for the three months ended September 30, 2019, and $612.0 million and $155.0 million, respectively, for the nine months ended September 30, 2019.
(4)Excess crude oil revenues represent sales of purchased crude oil inventory that at times exceeds the supply needs of our refineries.
(5)Other revenues are principally attributable to our Refining segment.
Our consolidated balance sheet reflects contract liabilities related to unearned revenues attributable to future service obligations under HEP’s third-party transportation agreements and production agreements from the acquisition of Sonneborn on February 1, 2019. The following table presents changes to our contract liabilities during the nine months ended September 30, 2020 and 2019.
Nine Months Ended September 30,
20202019
(In thousands)
Balance at January 1$4,652 $132 
Sonneborn acquisition— 6,463 
Increase21,583 19,255 
Recognized as revenue(18,224)(21,135)
Balance at September 30$8,011 $4,715 

As of September 30, 2020, we have long-term contracts with customers that specify minimum volumes of gasoline, diesel, lubricants and specialty products to be sold ratably at market prices through 2025. Such volumes are typically nominated in the month preceding delivery and delivered ratably throughout the following month. Future prices are subject to market fluctuations and therefore, we have elected the exemption to exclude variable consideration under these contracts under Accounting Standards Codification 606-10-50-14A. Aggregate minimum volumes expected to be sold (future performance obligations) under our long-term product sales contracts with customers are as follows:
Remainder of 202020212022ThereafterTotal
(In thousands)
Refined product sales volumes (barrels)
5,047 16,047 12,799 24,465 58,358 
Additionally, HEP has long-term contracts with third-party customers that specify minimum volumes of product to be transported through its pipelines and terminals that result in fixed-minimum annual revenues through 2025. Annual minimum revenues attributable to HEP’s third-party contracts as of September 30, 2020 are presented below:
Remainder of 202020212022ThereafterTotal
(In thousands)
HEP contractual minimum revenues
$6,441 $21,942 $10,954 $20,292 $59,629