v3.22.2.2
Revenues
 9 Months Ended
Sep. 30, 2022
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,
2022202120222021
(In thousands)
Revenues by type
Refined product revenues
Transportation fuels (1)
$7,087,662 $3,428,501 $20,172,623 $9,224,169 
Specialty lubricant products (2)
728,938 618,310 2,159,078 1,704,930 
Asphalt, fuel oil and other products (3)
503,686 260,788 1,481,413 641,117 
Total refined product revenues8,320,286 4,307,599 23,813,114 11,570,216 
Excess crude oil revenues (4)
661,818 343,500 1,916,289 1,089,075 
Renewable diesel revenues (5)
254,952 — 399,204 — 
Transportation and logistic services26,133 25,459 79,310 77,809 
Marketing revenues (6)
1,266,681 — 2,880,024 — 
Other revenues (7)
69,132 8,501 131,971 29,375 
Total sales and other revenues$10,599,002 $4,685,059 $29,219,912 $12,766,475 

Three Months Ended
September 30,		Nine Months Ended
September 30,
2022202120222021
(In thousands)
Refined product revenues by market
United States
Mid-Continent$3,782,723 $2,467,792 $10,837,845 $6,470,231 
Southwest1,350,230 923,319 3,877,579 2,632,833 
Rocky Mountains2,561,803 414,334 7,226,552 1,025,389 
Northeast264,703 221,488 782,562 593,741 
Canada275,432 199,924 819,865 595,208 
Europe, Asia and Latin America85,395 80,742 268,711 252,814 
Total refined product revenues$8,320,286 $4,307,599 $23,813,114 $11,570,216 

(1)Transportation fuels revenues are attributable to our Refining segment wholesale marketing 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 revenues include revenues attributable to our Refining and Lubricants and Specialty Products segments of $416.2 million and $87.5 million, respectively, for the three months ended September 30, 2022, $1,227.2 million and $254.2 million, respectively, for the nine months ended September 30, 2022, $213.7 million and $47.1 million, respectively, for the three months ended September 30, 2021, $496.9 million and $144.2 million for the nine months ended September 30, 2021.
(4)Excess crude oil revenues represent sales of purchased crude oil inventory that at times exceeds the supply needs of our refineries.
(5)Renewable diesel revenues are attributable to our Renewables segment.
(6)Marketing revenues consist primarily of branded gasoline and diesel fuel.
(7)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 our Sonneborn operations. The following table presents changes to our contract liabilities during the nine months ended September 30, 2022 and 2021.

Nine Months Ended September 30,
20222021
(In thousands)
Balance at January 1$9,278 $6,738 
Increase24,110 24,745 
Recognized as revenue(23,181)(22,224)
Balance at September 30$10,207 $9,259 

As of September 30, 2022, 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. 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, which include branded sales volumes assumed upon our acquisition of the Acquired Sinclair Businesses:

Remainder of 202220232024ThereafterTotal
(In thousands)
Refined product sales volumes (barrels)
10,303 32,409 26,187 47,187 116,086 

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, 2022 are presented below:

Remainder of 202220232024ThereafterTotal
(In thousands)
HEP contractual minimum revenues
$2,827 $11,017 $11,017 $3,017 $27,878