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Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
Our operations are organized into three reportable segments, Refining, Lubricants and Specialty Products and HEP. Our operations that are not included in the Refining, Lubricants and Specialty Products and HEP segments are included in Corporate and Other. Intersegment transactions are eliminated in our consolidated financial statements and are included in Eliminations. Corporate and Other and Eliminations are aggregated and presented under the Corporate, Other and Eliminations column.

As of September 30, 2021, the Refining segment represents the operations of the El Dorado, Tulsa, Navajo and Woods Cross Refineries and HFC Asphalt (aggregated as a reportable segment). Refining activities involve the purchase and refining of crude oil and wholesale and branded marketing of refined products, such as gasoline, diesel fuel and jet fuel. These petroleum products are primarily marketed in the Mid-Continent, Southwest and Rocky Mountain geographic regions of the United States. HFC Asphalt operates various asphalt terminals in Arizona, New Mexico and Oklahoma. The Refining segment also included the operations of the Cheyenne Refinery through the third quarter of 2020, at which time it permanently ceased petroleum refining operations.

The Lubricants and Specialty Products segment involves PCLI’s production operations, located in Mississauga, Ontario, that includes lubricant products such as base oils, white oils, specialty products and finished lubricants, and the operations of our Petro-Canada Lubricants business that includes the marketing of products to both retail and wholesale outlets through a global sales network with locations in Canada, the United States, Europe and China. Additionally, the Lubricants and Specialty Products segment includes specialty lubricant products produced at our Tulsa Refineries that are marketed throughout North America and are distributed in Central and South America and Red Giant Oil, one of the largest suppliers of locomotive engine oil in North America. Also, the Lubricants and Specialty Products segment includes Sonneborn, a producer of specialty hydrocarbon chemicals such as white oils, petrolatums and waxes with manufacturing facilities in the United States and Europe.

The HEP segment includes all of the operations of HEP, which owns and operates logistics and refinery assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and refinery processing units in the Mid-Continent, Southwest and Rocky Mountain geographic regions of the United States. The HEP segment also includes a 75% ownership interest in UNEV (a consolidated subsidiary of HEP) and 50% ownership interests in each of the Osage Pipeline, the Cheyenne Pipeline and Cushing Connect. Revenues from the HEP segment are earned through transactions with unaffiliated parties for pipeline transportation, rental and terminalling operations as well as revenues relating to pipeline transportation services provided for our refining operations. Due to certain basis differences, our reported amounts for the HEP segment may not agree to amounts reported in HEP’s periodic public filings.

The accounting policies for our segments are the same as those described in the summary of significant accounting policies in our Annual Report on Form 10-K for the year ended December 31, 2020, except that our Refining segment excludes intercompany ROU assets and liabilities for operating leases.
RefiningLubricants and Specialty ProductsHEP
Corporate, Other
and Eliminations (1)
Consolidated
Total
(In thousands)
Three Months Ended September 30, 2021
Sales and other revenues:
Revenues from external customers$3,993,570 $666,033 $25,459 $(3)$4,685,059 
Intersegment revenues189,441 501 97,125 (287,067)— 
$4,183,011 $666,534 $122,584 $(287,070)$4,685,059 
Cost of products sold (exclusive of lower of cost or market inventory)$3,605,600 $482,533 $— $(265,275)$3,822,858 
Operating expenses$248,316 $60,940 $42,793 $471 $352,520 
Selling, general and administrative expenses$32,345 $41,476 $3,849 $13,386 $91,056 
Depreciation and amortization$77,890 $19,226 $21,627 $2,477 $121,220 
Income (loss) from operations$218,860 $62,359 $54,315 $(38,129)$297,405 
Earnings of equity method investments$— $— $3,689 $— $3,689 
Capital expenditures$40,814 $7,833 $19,217 $147,640 $215,504 
Three Months Ended September 30, 2020
Sales and other revenues:
Revenues from external customers$2,339,782 $452,878 $26,740 $— $2,819,400 
Intersegment revenues56,331 2,164 100,991 (159,486)— 
$2,396,113 $455,042 $127,731 $(159,486)$2,819,400 
Cost of products sold (exclusive of lower of cost or market inventory)$2,211,342 $302,703 $— $(136,807)$2,377,238 
Lower of cost or market inventory valuation adjustment$(62,849)$— $— $— $(62,849)
Operating expenses $256,079 $54,488 $40,003 $(18,074)$332,496 
Selling, general and administrative expenses$30,866 $36,773 $2,332 $4,482 $74,453 
Depreciation and amortization$79,146 $17,432 $24,109 $4,593 $125,280 
Income (loss) from operations$(118,471)$43,646 $61,287 $(13,680)$(27,218)
Earnings of equity method investments$— $— $1,316 $— $1,316 
Capital expenditures$41,740 $6,995 $7,902 $26,635 $83,272 
RefiningLubricants and Specialty ProductsHEP
Corporate, Other
and Eliminations (1)
Consolidated
Total
(In thousands)
Nine Months Ended September 30, 2021
Sales and other revenues:
Revenues from external customers$10,837,876 $1,850,786 $77,809 $4 $12,766,475 
Intersegment revenues455,089 9,500 298,193 (762,782)— 
$11,292,965 $1,860,286 $376,002 $(762,778)$12,766,475 
Cost of products sold (exclusive of lower of cost or market inventory)$9,986,862 $1,305,274 $— $(683,244)$10,608,892 
Lower of cost or market inventory valuation adjustment$(318,353)$— $— $(509)$(318,862)
Operating expenses$772,593 $183,003 $126,226 $4,798 $1,086,620 
Selling, general and administrative expenses$90,977 $124,612 $9,664 $25,532 $250,785 
Depreciation and amortization$245,910 $58,499 $66,908 $(1,976)$369,341 
Income (loss) from operations$514,976 $188,898 $173,204 $(107,379)$769,699 
Earnings of equity method investments$— $— $8,875 $— $8,875 
Capital expenditures$114,325 $17,534 $76,933 $339,553 $548,345 
Nine Months Ended September 30, 2020
Sales and other revenues:
Revenues from external customers$6,880,444 $1,330,021 $72,410 $— $8,282,875 
Intersegment revenues178,039 8,911 297,982 (484,932)— 
$7,058,483 $1,338,932 $370,392 $(484,932)$8,282,875 
Cost of products sold (exclusive of lower of cost or market inventory)$6,113,530 $952,430 $— $(418,000)$6,647,960 
Lower of cost or market inventory valuation adjustment$227,711 $— $— $— $227,711 
Operating expenses $754,612 $156,459 $109,721 $(56,592)$964,200 
Selling, general and administrative expenses$94,677 $121,654 $7,569 $13,659 $237,559 
Depreciation and amortization$251,019 $59,260 $72,095 $13,659 $396,033 
Long-lived asset impairment (2)
$215,242 $204,708 $16,958 $— $436,908 
Income (loss) from operations$(598,308)$(155,579)$164,049 $(37,658)$(627,496)
Earnings of equity method investments$— $— $5,186 $— $5,186 
Capital expenditures$106,856 $20,387 $38,642 $47,123 $213,008 

(1) For the three and the nine months ended September 30, 2021, Corporate and Other includes $13.1 million and $37.2 million, respectively, of operating expenses and $141.3 million and $325.3 million, respectively, of capital expenditures related to the construction of our renewable diesel units. For the three and nine months ended September 30, 2020, Corporate and Other includes $1.8 million and $2.7 million, respectively, of operating expenses and $20.5 million and $33.1 million, respectively, of capital expenditures related to the construction of our renewable diesel units.
(2) The results of our HEP reportable segment for the nine months ended September 30, 2020 include a long-lived asset impairment charge attributed to HEP’s logistics assets at our Cheyenne Refinery.
RefiningLubricants and Specialty ProductsHEPCorporate, Other
and Eliminations		Consolidated
Total
(In thousands)
September 30, 2021
Cash and cash equivalents
$18,056 $218,970 $12,816 $1,231,720 $1,481,562 
Total assets$7,266,496 $2,119,076 $2,236,091 $1,275,518 $12,897,181 
Long-term debt$— $— $1,333,309 $1,739,043 $3,072,352 
December 31, 2020
Cash and cash equivalents
$3,106 $163,729 $21,990 $1,179,493 $1,368,318 
Total assets$6,203,847 $1,864,313 $2,198,478 $1,240,226 $11,506,864 
Long-term debt$— $— $1,405,603 $1,737,115 $3,142,718