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Revenues
12 Months Ended
Dec. 31, 2022
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Substantially all revenue-generating activities relate to sales of refined product, branded fuel sales, renewable diesel 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:
Years Ended December 31,
202220212020
(In thousands)
Revenues by type
Refined product revenues
Transportation fuels (1)
$25,895,867 $13,414,543 $7,825,625 
Specialty lubricant products (2)
2,826,206 2,322,242 1,657,344 
Asphalt, fuel oil and other products (3)
2,147,710 948,581 672,371 
Total refined product revenues30,869,783 16,685,366 10,155,340 
Excess crude oil revenues (4)
2,342,288 1,547,696 884,248 
Renewable diesel revenues (5)
654,893 — — 
Transportation and logistic services109,200 103,646 98,039 
Marketing revenues (6)
3,911,922 — — 
Other revenues (7)
316,753 52,434 46,016 
Total sales and other revenues$38,204,839 $18,389,142 $11,183,643 

Years Ended December 31,
202220212020
(In thousands)
Refined product revenues by market
United States
Mid-Continent$13,924,566 $9,094,885 $5,096,268 
Southwest4,965,298 3,477,562 2,310,432 
Rocky Mountains9,533,476 2,118,619 1,311,416 
Northeast1,037,771 824,900 552,069 
Canada1,063,961 836,317 616,683 
Europe, Asia and Latin America344,711 333,083 268,472 
Total refined product revenues$30,869,783 $16,685,366 $10,155,340 

(1)Transportation fuels revenues are attributable to our Refining segment wholesale marketing of gasoline, diesel and jet fuel. For the year ended December 31, 2020, $1.6 million is reported in our Corporate and Other segment.
(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 $1,827.3 million and $314.8 million, respectively, for the year ended December 31, 2022. For the year ended December 31, 2021 such revenues attributable to our Refining and Lubricants and Specialty Products were $724.3 million and $224.3 million, respectively. For the year ended December 31, 2020 such revenue attributable to our Refining and Lubricants and Specialty Products segments were $533.5 million and $135.4 million, respectively.
(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 sheets reflect 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 contract liabilities:
Years Ended December 31,
202220212020
(In thousands)
Balance at January 1$9,278 $6,738 $4,652 
Increase32,040 32,301 28,746 
Recognized as revenue(30,596)(29,761)(26,660)
Balance at December 31$10,722 $9,278 $6,738 

As of December 31, 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 2032. 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:
202320242025ThereafterTotal
(In thousands)
Refined product sales volumes (barrels)
35,181 28,848 19,729 29,571 113,329 
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 December 31, 2022 are presented below:
202320242025Total
(In thousands)
HEP contractual minimum revenues
$11,017 $11,017 $3,017 $25,051 

For the years ended December 31, 2022 and 2021, we had one customer, Shell, together with certain of its affiliates, that accounted for 10% or more of our total annual revenues at approximately 15% and 13%, respectively. We had no customers which had accounted for over 10% of our annual revenues for the year ended December 31, 2020.