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Revenues
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Substantially all revenue-generating activities relate to sales of refined products, branded fuel, renewable diesel and excess crude oil inventories sold at market prices (variable consideration) under contracts with customers. Additionally, we have revenues attributable to our 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 June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Revenues by type
Refined product revenues
Transportation fuels (1)
$5,005,535 $4,725,169 $9,634,166 $9,233,063 
Specialty lubricant products (2)
644,163 635,375 1,258,384 1,315,237 
Asphalt, fuel oil and other products (3)
568,960 572,520 1,052,276 1,012,859 
Total refined product revenues6,218,658 5,933,064 11,944,826 11,561,159 
Excess crude oil revenues (4)
436,796 621,750 703,892 1,332,647 
Renewable diesel revenues (5)
190,137 175,063 369,806 377,476 
Transportation and logistics services27,094 29,833 50,193 56,249 
Marketing revenues (6)
942,362 1,040,933 1,718,169 1,978,318 
Other revenues (7)
30,784 33,003 86,090 92,939 
Total sales and other revenues$7,845,831 $7,833,646 $14,872,976 $15,398,788 
Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
(In thousands)
Refined product revenues by market
United States:
Mid-Continent$2,409,853 $2,276,837 $4,625,694 $4,283,993 
Southwest1,082,895 890,586 2,058,597 1,723,288 
Rocky Mountains2,155,871 2,207,770 4,144,362 4,405,597 
Northeast212,722 233,695 432,069 497,599 
Canada288,276 254,952 544,048 505,676 
Europe, Asia and Latin America69,041 69,224 140,056 145,006 
Total refined product revenues$6,218,658 $5,933,064 $11,944,826 $11,561,159 
(1)Transportation fuels revenues are attributable to our Refining segment’s wholesale marketing of gasoline, diesel and jet fuel.
(2)Specialty lubricant products consist of base oil, waxes, finished lubricants and other specialty fluids.
(3)Revenues from asphalt, fuel oil and other products include amounts attributable to our Refining and Lubricants & Specialties segments of $488.1 million and $80.9 million, respectively, for the three months ended June 30, 2024, $910.1 million and $142.1 million, respectively, for the six months ended June 30, 2024, $522.2 million and $50.3 million, respectively, for the three months ended June 30, 2023, and $909.0 million and $103.8 million, respectively, for the six months ended June 30, 2023.
(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 principally 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 our third-party transportation agreements and production agreements from our Sonneborn operations. The following table presents changes to our contract liabilities:

Six Months Ended June 30,
20242023
(In thousands)
Balance at January 1$7,533 $10,722 
Increase10,936 9,547 
Recognized as revenue(11,666)(10,986)
Balance at June 30$6,803 $9,283 

As of June 30, 2024, we have long-term contracts with customers that specify minimum volumes of gasoline, diesel, lubricants and specialties to be sold ratably at market prices through 2034. Future prices are subject to market fluctuations and therefore, we have elected the exemption to exclude variable consideration under these contracts under ASC 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:

Contractual MinimumRemainder of 202420252026ThereafterTotal
(In thousands)
Refined product sales volumes (barrels)16,254 26,553 18,852 46,690 108,349 
Additionally, we have long-term contracts with third-party customers that specify minimum volumes of product to be transported through our pipelines and terminals that result in fixed-minimum annual revenues through 2033. Annual minimum revenues attributable to our third-party contracts as of June 30, 2024, are presented below:

Contractual MinimumRemainder of 202420252026ThereafterTotal
(In thousands)
Midstream operations revenues$10,426 $11,242 $7,782 $43,308 $72,758