Holly Energy Partners (HEP) 10-Q 9 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 06, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	1-32225
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-0833098
Entity Address, Address Line One	2828 N. Harwood,
Entity Address, Address Line Two	Suite 1300
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	214
Local Phone Number	871-3555
Title of 12(b) Security	Common Limited Partner Units
Trading Symbol	HEP
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		126,440,201
Entity Registrant Name	HOLLY ENERGY PARTNERS LP
Entity Central Index Key	0001283140
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEEETS

CONSOLIDATED BALANCE SHEEETS - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents (Cushing Connect VIEs: $9,688 and $8,881, respectively)	$ 15,016	$ 14,381
Accounts receivable:
Trade	15,191	12,745
Affiliates	44,336	56,154
Total accounts receivable	59,527	68,899
Prepaid and other current assets	11,705	11,033
Total current assets	86,248	94,313
Properties and equipment, net	1,440,888	1,329,028
Operating lease right-of-use assets, net	2,727	2,275
Net investment in leases (Cushing Connect VIEs: $100,797 and $100,042, respectively)	543,623	309,303
Intangible assets, net	69,806	73,307
Goodwill	307,387	223,650
Equity method investments (Cushing Connect VIEs: $36,658 and $37,505, respectively)	292,028	116,378
Deferred turnaround costs	20,155	2,632
Other assets	14,414	14,981
Total assets	2,777,276	2,165,867
Accounts payable:
Trade (Cushing Connect VIEs: $4,967 and $8,285, respectively)	31,849	28,577
Affiliates	10,708	11,703
Total accounts payable	42,557	40,280
Accrued interest	5,736	11,258
Deferred revenue	14,563	14,585
Accrued property taxes	7,189	4,542
Current operating lease liabilities	1,000	620
Current finance lease liabilities	3,825	3,786
Other current liabilities	2,512	1,781
Total current liabilities	77,382	76,852
Long-term debt	1,634,367	1,333,049
Noncurrent operating lease liabilities	2,207	2,030
Noncurrent finance lease liabilities	63,765	64,649
Other long-term liabilities	18,908	12,527
Deferred revenue	29,802	29,662
Class B unit	57,505	56,549
Partners’ equity:
Common unitholders (126,440,201 and 105,440,201 units issued and outstanding at March 31, 2022 and December 31, 2021, respectively)	821,609	443,017
Noncontrolling interests	71,731	147,532
Total equity	893,340	590,549
Total liabilities and equity	$ 2,777,276	$ 2,165,867

CONSOLIDATED BALANCE SHEEETS (P

CONSOLIDATED BALANCE SHEEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 15,016	$ 14,381
Net investment in leases	543,623	309,303
Equity method investments	292,028	116,378
Trade payable	$ 31,849	$ 28,577
Common units outstanding (in shares)	126,440,201	105,440,201
Common unit issued (in shares)	126,440,201	105,440,201
VIEs
Condensed Balance Sheet Statements, Captions [Line Items]
Cash and cash equivalents	$ 9,688	$ 8,881
Net investment in leases	100,797	100,042
Equity method investments	36,658	37,505
Trade payable	$ 4,967	$ 8,285

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Revenues:	$ 120,198	$ 127,183
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	42,625	41,365
Depreciation and amortization	22,187	25,065
General and administrative	4,312	2,968
Goodwill impairment	0	11,034
Total operating costs and expenses	69,124	80,432
Operating income	51,074	46,751
Other income (expense):
Equity in earnings of equity method investments	3,626	1,763
Interest expense	(13,639)	(13,240)
Interest income	12,647	6,548
Gain on sales-type leases	0	24,650
Gain on sale of assets and other	101	502
Total other income (expense)	2,735	20,223
Income before income taxes	53,809	66,974
State income tax expense	(31)	(37)
Net income	53,778	66,937
Allocation of net income attributable to noncontrolling interests	(4,219)	(2,540)
Net income attributable to the partners	$ 49,559	$ 64,397
Limited partners’ per unit interest in earnings— basic (in USD per share)	$ 0.45	$ 0.61
Limited partners’ per unit interest in earnings— diluted (in USD per share)	$ 0.45	$ 0.61
Weighted average limited partners’ units outstanding, basic (in shares)	109,640	105,440
Weighted average limited partners’ units outstanding, diluted (in shares)	109,640	105,440
Affiliates
Revenues:
Revenues:	$ 92,254	$ 101,926
Third parties
Revenues:
Revenues:	$ 27,944	$ 25,257

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash flows from operating activities
Net income	$ 53,778	$ 66,937
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,187	25,065
Gain on sale of assets	(25)	(262)
Gain on sales-type leases	0	(24,650)
Goodwill impairment	0	11,034
Amortization of deferred charges	342	844
Equity-based compensation expense	620	683
Equity in earnings of equity method investments, net of distributions	(520)	(617)
(Increase) decrease in operating assets:
Accounts receivable—trade	(1,132)	506
Accounts receivable—affiliates	11,190	2,505
Prepaid and other current assets	222	463
Increase (decrease) in operating liabilities:
Accounts payable—trade	5,525	8,565
Accounts payable—affiliates	(994)	(7,930)
Accrued interest	(5,522)	(6,232)
Deferred revenue	118	4,013
Accrued property taxes	1,675	1,258
Other current liabilities	2,337	484
Turnaround expenditures	(17,523)	(355)
Other, net	(464)	(169)
Net cash provided by operating activities	71,814	82,142
Cash flows from investing activities
Additions to properties and equipment	(14,147)	(33,218)
Acquisition of Sinclair Transportation	(321,366)	0
Proceeds from sale of assets	33	283
Distributions in excess of equity in earnings of equity investments	1,704	2,897
Net cash used for investing activities	(333,776)	(30,038)
Cash flows from financing activities
Borrowings under credit agreement	360,000	73,000
Repayments of credit agreement borrowings	(58,500)	(90,500)
Contributions from noncontrolling interests	0	6,332
Distributions to HEP unitholders	(36,997)	(38,328)
Distributions to noncontrolling interests	(877)	(3,819)
Payments on finance leases	(881)	(958)
Units withheld for tax withholding obligations	(57)	(68)
Other	(91)	0
Net cash provided (used) by financing activities	262,597	(54,341)
Cash and cash equivalents
Increase (decrease) for the period	635	(2,237)
Beginning of period	14,381	21,990
End of period	15,016	19,753
Supplemental disclosure of cash flow information
Cash paid during the period for interest	$ 18,548	$ 18,674

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	UNEV Pipeline, LLC	Common Units	Common UnitsUNEV Pipeline, LLC	Noncontrolling Interests	Noncontrolling InterestsUNEV Pipeline, LLC
Balance, beginning of period at Dec. 31, 2020	$ 505,358		$ 379,292		$ 126,066
Increase (Decrease) in Partners' Equity [Roll Forward]
Capital Contribution-Cushing Connect	9,746				9,746
Distributions to HEP unitholders	(38,328)		(38,328)
Distributions to noncontrolling interests	(3,819)				(3,819)
Amortization of restricted and performance units	683		683
Class B unit accretion	(893)		(893)
Other	(68)		(68)
Net income	66,937		65,290		1,647
Balance, end of period at Mar. 31, 2021	539,616		405,976		133,640
Balance, beginning of period at Dec. 31, 2021	590,549		443,017		147,532
Increase (Decrease) in Partners' Equity [Roll Forward]
Issuance of common units	349,020		349,020
Distributions to HEP unitholders	(36,997)		(36,997)
Distributions to noncontrolling interests	(877)				(877)
Amortization of restricted and performance units	620		620
Class B unit accretion	(956)	$ (61,650)	(956)	$ 16,537		$ (78,187)
Other	(147)		(147)
Net income	53,778		50,515		3,263
Balance, end of period at Mar. 31, 2022	$ 893,340		$ 821,609		$ 71,731

Description of Business and Pre

Description of Business and Presentation of Financial Statements	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Description of Business and Presentation of Financial Statements	Description of Business and Presentation of Financial Statements Holly Energy Partners, L.P. (“HEP”), together with its consolidated subsidiaries, is a publicly held master limited partnership. We commenced operations on July 13, 2004, upon the completion of our initial public offering. On March 14, 2022 (the “Closing Date”), HollyFrontier Corporation (“HFC”) and HEP announced the establishment of HF Sinclair Corporation, a Delaware corporation (“HF Sinclair”), as the new parent holding company of HFC and HEP and their subsidiaries, and the completion of their respective acquisitions of Sinclair Oil Corporation (now known as Sinclair Oil LLC, (“Sinclair Oil”)) and Sinclair Transportation Company LLC (“Sinclair Transportation”) from The Sinclair Companies (now known as REH Company and referred to herein as “Sinclair HoldCo”). On the Closing Date, pursuant to that certain Business Combination Agreement, dated as of August 2, 2021 (as amended on March 14, 2022, the “Business Combination Agreement”), by and among HFC, HF Sinclair (formerly known as Hippo Parent Corporation), Hippo Merger Sub, Inc., a wholly owned subsidiary of HF Sinclair (“Parent Merger Sub”), Sinclair HoldCo, and Hippo Holding LLC, a wholly owned subsidiary of Sinclair HoldCo (the “Target Company”), HF Sinclair completed its acquisition of the Target Company by effecting (a) a holding company merger in accordance with Section 251(g) of the Delaware General Corporation Law whereby HFC merged with and into Parent Merger Sub, with HFC surviving such merger as a direct wholly owned subsidiary of HF Sinclair (the “HFC Merger”), and (b) immediately following the HFC Merger, a contribution whereby Sinclair HoldCo contributed all of the equity interests of the Target Company to HF Sinclair in exchange for shares of HF Sinclair, resulting in the Target Company becoming a direct wholly owned subsidiary of HF Sinclair (together with the HFC Merger, the “HFC Transactions”). As of March 31, 2022, HF Sinclair and its subsidiaries owned a 47% limited partner interest and the non-economic general partner interest in HEP. In connection with the closing of the HFC Transactions, HF Sinclair issued 60,230,036 shares of HF Sinclair common stock to Sinclair HoldCo, representing 27.0% of the pro forma equity of HF Sinclair with a value of approximately $2,149 million based on HFC’s fully diluted shares of common stock outstanding and closing stock price on March 11, 2022. References herein to HF Sinclair with respect to time periods prior to March 14, 2022 refer to HFC and its consolidated subsidiaries and do not include the Target Company, Sinclair Transportation or their respective consolidated subsidiaries. References herein to HF Sinclair with respect to time periods from and after March 14, 2022 refer to HF Sinclair and its consolidated subsidiaries, which includes the operations of the combined Sinclair HoldCo businesses. Additionally, on the Closing Date, pursuant to that certain Contribution Agreement, dated August 2, 2021 (as amended on March 14, 2022, the “Contribution Agreement”) by and among Sinclair HoldCo, Sinclair Transportation and HEP, HEP acquired all of the outstanding equity interests of Sinclair Transportation from Sinclair HoldCo in exchange for 21 million newly issued common limited partner units of HEP (the “HEP Units”), representing 16.6% of the pro forma outstanding HEP Units with a value of approximately $349 million based on HEP’s fully diluted common limited partner units outstanding and closing unit price on March 11, 2022, and cash consideration equal to $321.4 million, inclusive of estimated working capital adjustments pursuant to the Contribution Agreement for an aggregate transaction value of $670.4 million (the “HEP Transaction” and together with the HFC Transactions, the “Sinclair Transactions”). Of the 21 million HEP Units, 5.29 million units are currently held in escrow to secure Sinclair HoldCo’s renewable identification numbers (“RINs”) credit obligations to HF Sinclair under Section 6.22 of the Business Combination Agreement. HF Sinclair, and not HEP, would be entitled to the HEP common units held in escrow in the event of Sinclair HoldCo’s breach of its RINs credit obligations under the Business Combination Agreement. The cash consideration was funded through a draw under HEP’s senior secured revolving credit facility. The HEP Transaction was conditioned on the closing of the HFC Transactions, which occurred immediately following the HEP Transaction. Sinclair Transportation, which together with its subsidiaries, owns integrated crude and refined products pipelines and terminal assets, including approximately 1,200 miles of integrated crude and refined product pipeline supporting the Sinclair HoldCo refineries and other third party refineries, eight product terminals and two crude terminals with approximately 4.5 million barrels of operated storage. In addition, HEP acquired Sinclair Transportation’s interests in three pipeline joint ventures for crude gathering and product offtake. References herein to HEP with respect to time periods prior to March 14, 2022, include HEP and its consolidated subsidiaries and do not include Sinclair Transportation and its consolidated subsidiaries (collectively, the “Acquired Sinclair Businesses”). References herein to HEP with respect to time periods from and after March 14, 2022 include the operations of the Acquired Sinclair Businesses. Through our subsidiaries and joint ventures, we own and/or operate petroleum product and crude oil pipelines, terminal, tankage and loading rack facilities and refinery processing units that support refining and marketing operations of HF Sinclair and other refineries in the Mid-Continent, Southwest and Northwest regions of the United States. Additionally, we own (a) a 50% interest in Osage Pipe Line Company, LLC (“Osage”), (b) a 50% interest in Cheyenne Pipeline LLC, (c) a 50% interest in Cushing Connect Pipeline & Terminal LLC, (d) a 25.06% interest in Saddle Butte Pipeline III, LLC and (e) a 49.995% interest in Pioneer Investments Corp. Following the HEP Transaction, we now own the remaining 25% interest in UNEV Pipeline, LLC and as a result, UNEV Pipeline, LLC is our wholly owned subsidiary. On June 1, 2020, HFC announced plans to permanently cease petroleum refining operations at its Cheyenne Refinery (the “Cheyenne Refinery”) and to convert certain assets at that refinery to renewable diesel production. HFC subsequently began winding down petroleum refining operations at the Cheyenne Refinery on August 3, 2020. On February 8, 2021, HEP and HFC finalized and executed new agreements for HEP’s Cheyenne assets with the following terms, in each case effective January 1, 2021: (1) a ten-year lease with two five-year renewal option periods for HFC’s (and now HF Sinclair’s) use of certain HEP tank and rack assets in the Cheyenne Refinery to facilitate renewable diesel production with an annual lease payment of approximately $5 million, (2) a five-year contango service fee arrangement that will utilize HEP tank assets inside the Cheyenne Refinery where HFC (and now HF Sinclair) will pay a base tariff to HEP for available crude oil storage and HFC (and now HF Sinclair) and HEP will split any profits generated on crude oil contango opportunities and (3) a $10 million one-time cash payment from HFC to HEP for the termination of the existing minimum volume commitment. We operate in two reportable segments, a Pipelines and Terminals segment and a Refinery Processing Unit segment. Disclosures around these segments are discussed in Note 16. We generate revenues by charging tariffs for transporting petroleum products and crude oil through our pipelines, by charging fees for terminalling and storing refined products and other hydrocarbons, providing other services at our storage tanks and terminals and by charging a tolling fee per barrel or thousand standard cubic feet of feedstock throughput in our refinery processing units. We do not take ownership of products that we transport, terminal, store or process, and therefore, we are not exposed directly to changes in commodity prices. The consolidated financial statements included herein have been prepared without audit, pursuant to the rules and regulations of the SEC. The interim financial statements reflect all adjustments, which, in the opinion of management, are necessary for a fair presentation of our results for the interim periods. Such adjustments are considered to be of a normal recurring nature. Although certain notes and other information required by U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted, we believe that the disclosures in these consolidated financial statements are adequate to make the information presented not misleading. These consolidated financial statements should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2021. Results of operations for interim periods are not necessarily indicative of the results of operations that will be realized for the year ending December 31, 2022. Principles of Consolidation and Common Control Transactions The consolidated financial statements include our accounts and those of subsidiaries and joint ventures that we control. All significant intercompany transactions and balances have been eliminated. Most of our acquisitions from HFC occurred while we were a consolidated variable interest entity (“VIE”) of HFC. Therefore, as an entity under common control with HFC, we recorded these acquisitions on our balance sheets at HFC's historical basis instead of our purchase price or fair value. Goodwill and Long-lived Assets Goodwill represents the excess of our cost of an acquired business over the fair value of the assets acquired, less liabilities assumed. Goodwill is not subject to amortization and is tested annually or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Our goodwill impairment testing first entails either a quantitative assessment or an optional qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If we determine that based on the qualitative factors that it is more likely than not that the carrying amount of the reporting unit is greater than its fair value, a quantitative test is performed in which we estimate the fair value of the related reporting unit. If the carrying amount of a reporting unit exceeds its fair value, the goodwill of that reporting unit is impaired, and we measure goodwill impairment as the excess of the carrying amount of the reporting unit over the related fair value. Indicators of Goodwill and Long-lived Asset Impairment During the first quarter of 2021, changes in our agreements with HF Sinclair related to our Cheyenne assets resulted in an increase in the net book value of our Cheyenne reporting unit due to sales-type lease accounting, which led us to determine indicators of potential goodwill impairment for our Cheyenne reporting unit were present. The estimated fair value of our Cheyenne reporting unit was derived using a combination of income and market approaches. The income approach reflects expected future cash flows based on anticipated gross margins, operating costs, and capital expenditures. The market approaches include both the guideline public company and guideline transaction methods. Both methods utilize pricing multiples derived from historical market transactions of other like-kind assets. These fair value measurements involve significant unobservable inputs (Level 3 inputs). See Note 6 for further discussion of Level 3 inputs. Our interim impairment testing of our Cheyenne reporting unit goodwill identified an impairment charge of $11.0 million, which was recorded in the three months ended March 31, 2021. We performed our annual goodwill impairment testing qualitatively as of July 1, 2021, and determined it was not more likely than not that the carrying amount of each reporting unit was greater than its fair value. Therefore, a quantitative test was not necessary, and no additional impairment of goodwill was recorded. We evaluate long-lived assets, including finite-lived intangible assets, for potential impairment by identifying whether indicators of impairment exist and, if so, assessing whether the long-lived assets are recoverable from estimated future undiscounted cash flows. The actual amount of impairment loss, if any, to be recorded is equal to the amount by which a long-lived asset’s carrying value exceeds its fair value. Revenue Recognition Revenues are generally recognized as products are shipped through our pipelines and terminals, feedstocks are processed through our refinery processing units or other services are rendered. The majority of our contracts with customers meet the definition of a lease since (1) performance of the contracts is dependent on specified property, plant, or equipment and (2) it is unlikely that one or more parties other than the customer will take more than a minor amount of the output associated with the specified property, plant, or equipment. Prior to the adoption of the new lease standard (see below), we bifurcated the consideration received between lease and service revenue. The new lease standard allows the election of a practical expedient whereby a lessor does not have to separate non-lease (service) components from lease components under certain conditions. The majority of our contracts meet these conditions, and we have made this election for those contracts. Under this practical expedient, we treat the combined components as a single performance obligation in accordance with Accounting Standards Codification (“ASC”) 606, which largely codified ASU 2014-09, if the non-lease (service) component is the dominant component. If the lease component is the dominant component, we treat the combined components as a lease in accordance with ASC 842, which largely codified ASU 2016-02. Several of our contracts include incentive or reduced tariffs once a certain quarterly volume is met. Revenue from the variable element of these transactions is recognized based on the actual volumes shipped as it relates specifically to rendering the services during the applicable quarter. The majority of our long-term transportation contracts specify minimum volume requirements, whereby, we bill a customer for a minimum level of shipments in the event a customer ships below their contractual requirements. If there are no future performance obligations, we will recognize these deficiency payments in revenue. In certain of these throughput agreements, a customer may later utilize such shortfall billings as credit towards future volume shipments in excess of its minimum levels within its respective contractual shortfall make-up period. Such amounts represent an obligation to perform future services, which may be initially deferred and later recognized as revenue based on estimated future shipping levels, including the likelihood of a customer’s ability to utilize such amounts prior to the end of the contractual shortfall make-up period. We recognize these deficiency payments in revenue when we do not expect we will be required to satisfy these performance obligations in the future based on the pattern of rights projected to be exercised by the customer. During the three months ended March 31, 2022 and 2021, we recognized $5.2 million and $3.8 million, respectively, of these deficiency payments in revenue, of which $0.9 million and $0.5 million, respectively, related to deficiency payments billed in prior periods. We have other cost reimbursement provisions in our throughput / storage agreements providing that customers (including HF Sinclair) reimburse us for certain costs. Such reimbursements are recorded as revenue or deferred revenue depending on the nature of the cost. Deferred revenue is recognized over the remaining contractual term of the related throughput agreement. Leases We adopted ASC 842 effective January 1, 2019, and elected to adopt using the modified retrospective transition method and practical expedients, both of which are provided as options by the standard and further defined below. Lessee Accounting At inception, we determine if an arrangement is or contains a lease. Right-of-use assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our payment obligation under the leasing arrangement. Right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. We use our estimated incremental borrowing rate (“IBR”) to determine the present value of lease payments as most of our leases do not contain an implicit rate. Our IBR represents the interest rate which we would pay to borrow, on a collateralized basis, an amount equal to the lease payments over a similar term in a similar economic environment. We use the implicit rate when readily determinable. Operating leases are recorded in operating lease right-of-use assets and current and noncurrent operating lease liabilities on our consolidated balance sheet. Finance leases are included in properties and equipment, current finance lease liabilities and noncurrent finance lease liabilities on our consolidated balance sheet. When renewal options are defined in a lease, our lease term includes an option to extend the lease when it is reasonably certain we will exercise that option. Leases with a term of 12 months or less are not recorded on our balance sheet, and lease expense is accounted for on a straight-line basis. In addition, as a lessee, we separate non-lease components that are identifiable and exclude them from the determination of net present value of lease payment obligations. Lessor Accounting Customer contracts that contain leases are generally classified as either operating leases, direct finance leases or sales-type leases. We consider inputs such as the lease term, fair value of the underlying asset and residual value of the underlying assets when assessing the classification. Deferred Turnaround Costs Our refinery processing units require regular major maintenance and repairs which are commonly referred to as “turnarounds.” The required frequency of the maintenance varies by unit, but generally is every four

Sinclair Acquisition

Sinclair Acquisition	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Sinclair Acquisition	Sinclair Acquisition HEP Transaction On March 14, 2022, pursuant to the Contribution Agreement, HEP acquired all of the outstanding equity interests of Sinclair Transportation in exchange for 21 million newly issued HEP Units, representing 16.6% of the pro forma outstanding HEP Units with a value of approximately $349 million based on HEP’s fully diluted common limited partner units outstanding and closing unit price on March 11, 2022, and cash consideration equal to $321.4 million, inclusive of estimated working capital adjustments pursuant to the Contribution Agreement for an aggregate transaction value of $670.4 million. On the same date and immediately following the consummation of the HEP Transaction, pursuant to the Business Combination Agreement, Sinclair HoldCo contributed all of the equity interests of the Target Company to HF Sinclair in exchange for 60,230,036 shares of common stock in HF Sinclair, representing 27.0% of the pro forma equity of HF Sinclair with a value of approximately $2,149 million based on HF Sinclair’s fully diluted shares of common stock outstanding and closing stock price on March 11, 2022. On August 2, 2021, in connection with the Contribution Agreement, HEP, Holly Logistics Services, L.L.C., the ultimate general partner of HEP (“HLS”) and Navajo Pipeline Co., L.P., the sole member of HLS (the “Sole Member”), entered into a unitholders agreement (the “Unitholders Agreement”) by and among HEP, HLS, the Sole Member, Sinclair HoldCo and the stockholders of Sinclair HoldCo (each a “Unitholder” and collectively, the “Unitholders,” and along with Sinclair HoldCo and each of their permitted transferees, the “Sinclair Parties”), which became effective on the Closing Date. Pursuant to the Unitholders Agreement, the Sinclair Parties have the right to nominate, and have nominated, one person to the board of directors of HLS until such time that (x) the Sinclair Parties beneficially own less than 10.5 million HEP Units or (y) the HEP Units beneficially owned by the Sinclair Parties constitute less than 5% of all outstanding HEP Units. The Unitholders Agreement also subjects 15.75 million of the HEP Units issued to the Sinclair Parties (the “Restricted Units”) to a “lock-up” period commencing on the Closing Date, during which the Sinclair Parties will be prohibited from selling the Restricted Units, except for certain permitted transfers. One-third of such Restricted Units will be released from such restrictions on the date that is six months after the closing, one-third of the Restricted Units will be released from such restrictions on the first anniversary of the Closing Date, and the remainder will be released from such restrictions on the date that is 15 months from the Closing Date. Under the terms of the Contribution Agreement, HEP acquired Sinclair Transportation, which together with its subsidiaries, owned Sinclair HoldCo’s integrated crude and refined products pipelines and terminal assets, including approximately 1,200 miles of integrated crude and refined product pipeline supporting the Sinclair HoldCo refineries and other third-party refineries, eight product terminals and two crude terminals with approximately 4.5 million barrels of operated storage. In addition, HEP acquired Sinclair Transportation’s interests in three pipeline joint ventures for crude gathering and product offtake including: Saddle Butte Pipeline III, LLC (25.06% non-operated interest); Pioneer Pipeline (49.995% non-operated interest); and UNEV Pipeline (the 25% non-operated interest not already owned by HEP, resulting in UNEV Pipeline, LLC becoming a wholly owned subsidiary of HEP). The HEP Transaction was accounted for as a business combination using the acquisition method of accounting, with the assets acquired and liabilities assumed at their respective acquisition date fair values at the Closing Date, with the excess consideration recorded as goodwill. The preliminary purchase consideration allocation resulted in the recognition of $83.7 million in goodwill. The following tables present the preliminary purchase consideration and preliminary purchase price allocation to the assets acquired and liabilities assumed on March 14, 2022: Preliminary Purchase Consideration (in thousands except for per share amounts) HEP common units issued 21,000 Closing price per unit of HEP common units (1) $ 16.62 Purchase consideration paid in HEP common units 349,020 Cash consideration paid by HEP (2) 325,000 Estimated Adjusted Payments HEP (3,634) Total cash consideration 321,366 Total purchase consideration $ 670,386 (1) Based on the HEP closing unit price on March 11, 2022. (2) Net of cash acquired (In thousands) Assets Acquired Accounts receivable $ 687 Prepaid and other current assets 59 Properties and equipment 357,144 Operating lease right-of-use assets 105 Other assets 46 Goodwill 83,737 Equity method investments 238,484 Total assets acquired $ 680,262 Liabilities Assumed Accounts payable 2,376 Accrued property taxes 973 Other current liabilities 454 Operating lease liabilities 33 Noncurrent operating lease liabilities 72 Other long-term liabilities 5,968 Total liabilities assumed $ 9,876 Net assets acquired $ 670,386 The fair value of properties, plants and equipment was based on the combination of the cost and market approaches. Key assumptions in the cost approach include determining the replacement cost by evaluating recently published data and adjusting replacement cost for physical deterioration, functional and economic obsolescence. We used the market approach to measure the value of certain assets through an analysis of recent sales or offerings of comparable properties. The fair value of the equity method investments were based on a combination of valuation methods including discounted cash flows and the guideline public company method. The fair values discussed above were based on significant inputs that are not observable in the market and, therefore, represent Level 3 measurements. See Note 6. The fair values of all other current receivable and payables were equivalent to their carrying values due to their short-term nature. These fair value estimates are preliminary and, therefore, the final fair values of assets acquired and liabilities assumed and the resulting effect on our financial position may change once all needed information has become available, the working capital true-up is complete, and we finalize our valuations. Our consolidated financial and operating results reflect the Sinclair Transportation operations beginning March 14, 2022. Our results of operations included revenue, interest income from sales-type leases and net income of $1.7 million, $2.8 million and $2.6 million, respectively, for the period from March 14, 2022 through March 31, 2022 related to these operations. For the three months ended March 31, 2022, we incurred $0.8 million in incremental direct acquisition and integration costs that principally relate to legal, advisory and other professional fees and are presented as general and administrative expenses in our statements of operations. The following unaudited pro forma combined condensed financial data for the three months ended March 31, 2022 and 2021 was derived from our historical financial statements giving effect to the HEP Transaction as if it had occurred on January 1, 2021. The below information reflects pro forma adjustments based on available information and certain assumptions that we believe are reasonable, including the depreciation of Sinclair Transportation’s fair-valued properties, plants and equipment. Additionally, pro forma earnings include certain non-recurring charges, the substantial majority of which consist of transaction costs related to financial advisors, legal advisors, financial advisory and professional accounting services. The pro forma results of operations do not include any contract adjustments to tariffs made after closing, cost savings or other synergies that may result from the HEP Transaction. The pro forma combined condensed financial data has been included for comparative purposes only and is not necessarily indicative of the results that might have occurred had the HEP Transaction taken place on January 1, 2021 and is not intended to be a projection of future results. Three Months Ended March 31, 2022 2021 (In thousands) Sales and other revenues $ 134,960 $ 143,190 Net income (loss) attributable to HEP stockholders $ 50,782 $ 70,425

Investment in Joint Venture

Investment in Joint Venture	3 Months Ended
	Mar. 31, 2022
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Venture	Investment in Joint Venture On October 2, 2019, HEP Cushing LLC (“HEP Cushing”), a wholly owned subsidiary of HEP, and Plains Marketing, L.P. (“PMLP”), a wholly owned subsidiary of Plains All American Pipeline, L.P. (“Plains”), formed a 50/50 joint venture, Cushing Connect Pipeline & Terminal LLC (the “Cushing Connect Joint Venture”), for (i) the development and construction of a new 160,000 barrel per day common carrier crude oil pipeline (the “Cushing Connect Pipeline”) that connected the Cushing, Oklahoma crude oil hub to the Tulsa, Oklahoma refining complex owned by a subsidiary of HF Sinclair and (ii) the ownership and operation of 1.5 million barrels of crude oil storage in Cushing, Oklahoma (the “Cushing Connect JV Terminal”). The Cushing Connect JV Terminal went in service during the second quarter of 2020, and the Cushing Connect Pipeline was placed into service during the third quarter of 2021. L ong-term commercial agreements have been entered into to support the Cushing Connect Joint Venture assets. The Cushing Connect Joint Venture contracted with an affiliate of HEP to manage the construction and operation of the Cushing Connect Pipeline and with an affiliate of Plains to manage the operation of the Cushing Connect JV Terminal. The total Cushing Connect Joint Venture investment will generally be shared equally among the partners. However, we are solely responsible for any Cushing Connect Pipeline construction costs that exceed the budget by more than 10%. HEP estimates its share of the cost of the Cushing Connect JV Terminal contributed by Plains and Cushing Connect Pipeline construction costs are approximately $70 million to $75 million, including $4 million to $6 million o f Cushing Connect Pipeline construction costs exceeding the budget by more than 10% to be borne solely by HEP. The Cushing Connect Joint Venture legal entities are variable interest entities (“VIEs”) as defined under GAAP. A VIE is a legal entity if it has any one of the following characteristics: (i) the entity does not have sufficient equity at risk for the entity to finance its activities without additional subordinated financial support; (ii) the at risk equity holders, as a group, lack the characteristics of a controlling financial interest; or (iii) the entity is structured with non-substantive voting rights. The Cushing Connect Joint Venture legal entities do not have sufficient equity at risk to finance their activities without additional financial support. Since HEP constructed and is operating the Cushing Connect Pipeline, HEP has more ability to direct the activities that most significantly impact the financial performance of the Cushing Connect Joint Venture and Cushing Connect Pipeline legal entities. Therefore, HEP consolidates those legal entities. We do not have the ability to direct the activities that most significantly impact the Cushing Connect JV Terminal legal entity, and therefore, we account for our interest in the Cushing Connect JV Terminal legal entity using the equity method of accounting. HEP’s maximum exposure to loss as a result of its involvement with the Cushing Connect JV Terminal legal entity is not expected to be material due to the long-term terminalling agreements in place to support its operations. With the exception of the assets of HEP Cushing, creditors of the Cushing Connect Joint Venture legal entities have no recourse to our assets. Any recourse to HEP Cushing would be limited to the extent of HEP Cushing's assets, which other than its investment in Cushing Connect Joint Venture, are not significant. Furthermore, our creditors have no recourse to the assets of the Cushing Connect Joint Venture legal entities.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Revenues are generally recognized as products are shipped through our pipelines and terminals, feedstocks are processed through our refinery processing units or other services are rendered. See Note 1 for further discussion of revenue recognition. Disaggregated revenues were as follows: Three Months Ended 2022 2021 (In thousands) Pipelines $ 64,780 $ 66,505 Terminals, tanks and loading racks 37,015 38,182 Refinery processing units 18,403 22,496 $ 120,198 $ 127,183 R evenues on our consolidated statem ents of income were composed of the following lease and service revenues: Three Months Ended 2022 2021 (In thousands) Lease revenues $ 72,914 $ 87,944 Service revenues 47,284 39,239 $ 120,198 $ 127,183 A contract liability exists when an entity is obligated to perform future services for a customer for which the entity has received consideration. Since HEP may be required to perform future services for these deficiency payments received, the deferred revenues on our balance sheets were considered contract liabilities. A contract asset exists when an entity has a right to consideration in exchange for goods or services transferred to a customer. Our consolidated balance sheets included the contract assets and liabilities in the table below: March 31, December 31, (In thousands) Contract assets $ 6,682 $ 6,637 Contract liabilities $ (3,431) $ (4,185) The contract assets and liabilities include both lease and service components. During the three months ended March 31, 2022 and 2021, we recognized $0.9 million and $0.5 million, respectively, of revenue that was previously included in contract liability as of December 31, 2021 and 2020, respectively. During the three months ended March 31, 2022 and 2021, we also recognized $45,000 and $0.1 million, respectively, of revenue included in contract assets. As of March 31, 2022, we expect to recognize $1.7 billion in revenue related to our unfulfilled performance obligations under the terms of our long-term throughput agreements and leases expiring in 2023 through 2037. These agreements generally provide for changes in the minimum revenue guarantees annually for increases or decreases in the Producer Price Index (“PPI”) or Federal Energy Regulatory Commission (“FERC”) index, with certain contracts having provisions that limit the level of the rate increases or decreases. We expect to recognize revenue for these unfulfilled performance obligations as shown in the table below (amounts shown in table include both service and lease revenues): Years Ending December 31, (In millions) Remainder of 2022 $ 256 2023 290 2024 248 2025 178 2026 163 2027 132 Thereafter 388 Total $ 1,655 Payment terms under our contracts with customers are consistent with industry norms and are typically payable within 10 to 30 days of the date of invoice.

Leases

Leases	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Leases	Leases See Note 1 for further discussion of lease accounting. Lessee Accounting As a lessee, we lease land, buildings, pipelines, transportation and other equipment to support our operations. These leases can be categorized into operating and finance leases. Our leases have remaining terms of less than 1 year to 23 years, some of which include options to extend the leases for up to 10 years. Finance Lease Obligations We have finance lease obligations related to vehicle leases with initial terms of 33 to 48 months. The total cost of assets under finance leases was $6.2 million and $6.0 million as of March 31, 2022 and December 31, 2021, respectively, with accumulated depreciation of $3.8 million and $3.6 million as of March 31, 2022 and December 31, 2021, respectively. We include depreciation of finance leases in depreciation and amortization in our consolidated statements of income. In addition, we have a finance lease obligation related to a pipeline lease with an initial term of 10 years with one remaining subsequent renewal option for an additional 10 years. Supplemental balance sheet information related to leases was as follows (in thousands, except for lease term and discount rate): March 31, December 31, 2021 Operating leases: Operating lease right-of-use assets, net $ 2,727 $ 2,275 Current operating lease liabilities 1,000 620 Noncurrent operating lease liabilities 2,207 2,030 Total operating lease liabilities $ 3,207 $ 2,650 Finance leases: Properties and equipment $ 6,172 $ 6,031 Accumulated amortization (3,823) (3,632) Properties and equipment, net $ 2,349 $ 2,399 Current finance lease liabilities $ 3,825 $ 3,786 Noncurrent finance lease liabilities 63,765 64,649 Total finance lease liabilities $ 67,590 $ 68,435 Weighted average remaining lease term (in years): Operating leases 5.7 5.8 Finance leases 14.8 15.0 Weighted average discount rate: Operating leases 4.8% 4.8% Finance leases 5.6% 5.6% Supplemental cash flow and other information related to leases were as follows: Three Months Ended 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows on operating leases $ 276 $ 312 Operating cash flows on finance leases $ 981 $ 1,058 Financing cash flows on finance leases $ 881 $ 958 Maturities of lease liabilities were as follows: March 31, 2022 Operating Finance (In thousands) 2022 $ 783 $ 5,499 2023 935 7,383 2024 524 6,938 2025 443 6,479 2026 289 6,432 2027 and thereafter 501 67,463 Total lease payments 3,475 100,194 Less: Imputed interest (268) (32,604) Total lease obligations 3,207 67,590 Less: Current lease liabilities (1,000) (3,825) Noncurrent lease liabilities $ 2,207 $ 63,765 The components of lease expense were as follows: Three Months Ended 2022 2021 (In thousands) Operating lease costs $ 262 $ 298 Finance lease costs Amortization of assets 192 212 Interest on lease liabilities 959 1,006 Variable lease cost 37 66 Total net lease cost $ 1,450 $ 1,582 Lessor Accounting As discussed in Note 1, the majority of our contracts with customers meet the definition of a lease. Substantially all of the assets supporting contracts meeting the definition of a lease have long useful lives, and we believe these assets will continue to have value when the current agreements expire due to our risk management strategy for protecting the residual fair value of the underlying assets by performing ongoing maintenance during the lease term. HF Sinclair generally has the option to purchase assets located within HF Sinclair refinery boundaries, including refinery tankage, truck racks and refinery processing units, at fair market value when the related agreements expire. During the three months ended March 31, 2022, we entered into new agreements, and amended other agreements, with HFC related to our newly acquired Sinclair Transportation assets. Certain of these agreements met the criteria of sales-type leases. Under sales-type lease accounting, at the commencement date, the lessor recognizes a net investment in the lease, based on the estimated fair value of the underlying leased assets at contract inception, and derecognizes the underlying assets with the difference recorded as selling profit or loss arising from the lease. Because we recorded these assets at fair values under purchase price accounting, there was no gain or loss on these sales-type leases during the three months ended March 31, 2022. The balance sheet impacts were composed of the following: Three Months Ended March 31, 2022 (In thousands) Net investment in leases $ 235,620 Properties and equipment, net (235,620) Gain on sales-type leases $ — During the three months ended March 31, 2021, we entered into new agreements and modified other agreements with HF Sinclair related to our Cheyenne assets, Tulsa West lube racks, and various crude tanks. These agreements met the criteria of sales-type leases since the underlying assets are not expected to have an alternative use at the end of the lease terms to anyone other than HF Sinclair. Under sales-type lease accounting, at the commencement date, the lessor recognizes a net investment in the lease, based on the estimated fair value of the underlying leased assets at contract inception, and derecognizes the underlying assets with the difference recorded as selling profit or loss arising from the lease. Therefore, we recognized a gain on sales-type leases during the three months ended March 31, 2021 composed of the following: Three Months Ended March 31, 2021 (In thousands) Net investment in leases $ 41,246 Properties and equipment, net (23,155) Deferred revenue 6,559 Gain on sales-type leases $ 24,650 These sales-type lease transactions, including the related gain, were non-cash transactions. Lease income recognized was as follows: Three Months Ended 2022 2021 (In thousands) Operating lease revenues $ 69,975 $ 85,892 Direct financing lease interest income 520 524 Gain on sales-type leases — 24,650 Sales-type lease interest income 12,123 6,025 Lease revenues relating to variable lease payments not included in measurement of the sales-type lease receivable 2,939 2,052 For our sales-type leases, we included customer obligations related to minimum volume requirements in guaranteed minimum lease payments. Portions of our minimum guaranteed pipeline tariffs for assets subject to sales-type lease accounting are recorded as interest income with the remaining amounts recorded as a reduction in net investment in leases. We recognized any billings for throughput volumes in excess of minimum volume requirements as variable lease payments, and these variable lease payments were recorded in lease revenues. Annual minimum undiscounted lease payments under our leases were as follows as of March 31, 2022: Operating Finance Sales-type Years Ending December 31, (In thousands) Remainder of 2022 $ 214,431 $ 1,627 $ 75,223 2023 261,938 2,175 96,383 2024 224,373 2,192 93,154 2025 159,983 2,209 89,727 2026 145,748 2,227 89,727 2027 and thereafter 449,793 36,610 841,406 Total lease receipt payments $ 1,456,266 $ 47,040 $ 1,285,620 Less: Imputed interest (30,693) (1,155,318) 16,347 130,302 Unguaranteed residual assets at end of leases — 402,750 Net investment in leases $ 16,347 $ 533,052 Net investments in leases recorded on our balance sheet were composed of the following: March 31, 2022 December 31, 2021 Sales-type Leases Direct Financing Leases Sales-type Leases Direct Financing Leases (In thousands) (In thousands) Lease receivables (1) $ 430,779 $ 16,347 $ 207,768 $ 16,371 Unguaranteed residual assets 102,273 — 90,097 — Net investment in leases $ 533,052 $ 16,347 $ 297,865 $ 16,371 (1) Current portion of lease receivables included in prepaid and other current assets on the balance sheet.
Leases	Leases See Note 1 for further discussion of lease accounting. Lessee Accounting As a lessee, we lease land, buildings, pipelines, transportation and other equipment to support our operations. These leases can be categorized into operating and finance leases. Our leases have remaining terms of less than 1 year to 23 years, some of which include options to extend the leases for up to 10 years. Finance Lease Obligations We have finance lease obligations related to vehicle leases with initial terms of 33 to 48 months. The total cost of assets under finance leases was $6.2 million and $6.0 million as of March 31, 2022 and December 31, 2021, respectively, with accumulated depreciation of $3.8 million and $3.6 million as of March 31, 2022 and December 31, 2021, respectively. We include depreciation of finance leases in depreciation and amortization in our consolidated statements of income. In addition, we have a finance lease obligation related to a pipeline lease with an initial term of 10 years with one remaining subsequent renewal option for an additional 10 years. Supplemental balance sheet information related to leases was as follows (in thousands, except for lease term and discount rate): March 31, December 31, 2021 Operating leases: Operating lease right-of-use assets, net $ 2,727 $ 2,275 Current operating lease liabilities 1,000 620 Noncurrent operating lease liabilities 2,207 2,030 Total operating lease liabilities $ 3,207 $ 2,650 Finance leases: Properties and equipment $ 6,172 $ 6,031 Accumulated amortization (3,823) (3,632) Properties and equipment, net $ 2,349 $ 2,399 Current finance lease liabilities $ 3,825 $ 3,786 Noncurrent finance lease liabilities 63,765 64,649 Total finance lease liabilities $ 67,590 $ 68,435 Weighted average remaining lease term (in years): Operating leases 5.7 5.8 Finance leases 14.8 15.0 Weighted average discount rate: Operating leases 4.8% 4.8% Finance leases 5.6% 5.6% Supplemental cash flow and other information related to leases were as follows: Three Months Ended 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows on operating leases $ 276 $ 312 Operating cash flows on finance leases $ 981 $ 1,058 Financing cash flows on finance leases $ 881 $ 958 Maturities of lease liabilities were as follows: March 31, 2022 Operating Finance (In thousands) 2022 $ 783 $ 5,499 2023 935 7,383 2024 524 6,938 2025 443 6,479 2026 289 6,432 2027 and thereafter 501 67,463 Total lease payments 3,475 100,194 Less: Imputed interest (268) (32,604) Total lease obligations 3,207 67,590 Less: Current lease liabilities (1,000) (3,825) Noncurrent lease liabilities $ 2,207 $ 63,765 The components of lease expense were as follows: Three Months Ended 2022 2021 (In thousands) Operating lease costs $ 262 $ 298 Finance lease costs Amortization of assets 192 212 Interest on lease liabilities 959 1,006 Variable lease cost 37 66 Total net lease cost $ 1,450 $ 1,582 Lessor Accounting As discussed in Note 1, the majority of our contracts with customers meet the definition of a lease. Substantially all of the assets supporting contracts meeting the definition of a lease have long useful lives, and we believe these assets will continue to have value when the current agreements expire due to our risk management strategy for protecting the residual fair value of the underlying assets by performing ongoing maintenance during the lease term. HF Sinclair generally has the option to purchase assets located within HF Sinclair refinery boundaries, including refinery tankage, truck racks and refinery processing units, at fair market value when the related agreements expire. During the three months ended March 31, 2022, we entered into new agreements, and amended other agreements, with HFC related to our newly acquired Sinclair Transportation assets. Certain of these agreements met the criteria of sales-type leases. Under sales-type lease accounting, at the commencement date, the lessor recognizes a net investment in the lease, based on the estimated fair value of the underlying leased assets at contract inception, and derecognizes the underlying assets with the difference recorded as selling profit or loss arising from the lease. Because we recorded these assets at fair values under purchase price accounting, there was no gain or loss on these sales-type leases during the three months ended March 31, 2022. The balance sheet impacts were composed of the following: Three Months Ended March 31, 2022 (In thousands) Net investment in leases $ 235,620 Properties and equipment, net (235,620) Gain on sales-type leases $ — During the three months ended March 31, 2021, we entered into new agreements and modified other agreements with HF Sinclair related to our Cheyenne assets, Tulsa West lube racks, and various crude tanks. These agreements met the criteria of sales-type leases since the underlying assets are not expected to have an alternative use at the end of the lease terms to anyone other than HF Sinclair. Under sales-type lease accounting, at the commencement date, the lessor recognizes a net investment in the lease, based on the estimated fair value of the underlying leased assets at contract inception, and derecognizes the underlying assets with the difference recorded as selling profit or loss arising from the lease. Therefore, we recognized a gain on sales-type leases during the three months ended March 31, 2021 composed of the following: Three Months Ended March 31, 2021 (In thousands) Net investment in leases $ 41,246 Properties and equipment, net (23,155) Deferred revenue 6,559 Gain on sales-type leases $ 24,650 These sales-type lease transactions, including the related gain, were non-cash transactions. Lease income recognized was as follows: Three Months Ended 2022 2021 (In thousands) Operating lease revenues $ 69,975 $ 85,892 Direct financing lease interest income 520 524 Gain on sales-type leases — 24,650 Sales-type lease interest income 12,123 6,025 Lease revenues relating to variable lease payments not included in measurement of the sales-type lease receivable 2,939 2,052 For our sales-type leases, we included customer obligations related to minimum volume requirements in guaranteed minimum lease payments. Portions of our minimum guaranteed pipeline tariffs for assets subject to sales-type lease accounting are recorded as interest income with the remaining amounts recorded as a reduction in net investment in leases. We recognized any billings for throughput volumes in excess of minimum volume requirements as variable lease payments, and these variable lease payments were recorded in lease revenues. Annual minimum undiscounted lease payments under our leases were as follows as of March 31, 2022: Operating Finance Sales-type Years Ending December 31, (In thousands) Remainder of 2022 $ 214,431 $ 1,627 $ 75,223 2023 261,938 2,175 96,383 2024 224,373 2,192 93,154 2025 159,983 2,209 89,727 2026 145,748 2,227 89,727 2027 and thereafter 449,793 36,610 841,406 Total lease receipt payments $ 1,456,266 $ 47,040 $ 1,285,620 Less: Imputed interest (30,693) (1,155,318) 16,347 130,302 Unguaranteed residual assets at end of leases — 402,750 Net investment in leases $ 16,347 $ 533,052 Net investments in leases recorded on our balance sheet were composed of the following: March 31, 2022 December 31, 2021 Sales-type Leases Direct Financing Leases Sales-type Leases Direct Financing Leases (In thousands) (In thousands) Lease receivables (1) $ 430,779 $ 16,347 $ 207,768 $ 16,371 Unguaranteed residual assets 102,273 — 90,097 — Net investment in leases $ 533,052 $ 16,347 $ 297,865 $ 16,371 (1) Current portion of lease receivables included in prepaid and other current assets on the balance sheet.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are derived using inputs (assumptions that market participants would use in pricing an asset or liability) including assumptions about risk. GAAP categorizes inputs used in fair value measurements into three broad levels as follows: • (Level 1) Quoted prices in active markets for identical assets or liabilities. • (Level 2) Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, similar assets and liabilities in markets that are not active or can be corroborated by observable market data. • (Level 3) Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes valuation techniques that involve significant unobservable inputs. Financial Instruments Our financial instruments consist of cash and cash equivalents, accounts receivable, accounts payable, and debt. The carrying amounts of cash equivalents, accounts receivable and accounts payable approximate fair value due to the short-term maturity of these instruments. Debt consists of outstanding principal under our revolving credit agreement (which approximates fair value as interest rates are reset frequently at current interest rates) and our fixed interest rate senior notes. The carrying amounts and estimated fair values of our senior notes were as follows: March 31, 2022 December 31, 2021 Financial Instrument Fair Value Input Level Carrying Fair Value Carrying Fair Value (In thousands) Liabilities: 5% Senior Notes Level 2 492,867 474,605 493,049 502,705 Level 2 Financial Instruments Our senior notes are measured at fair value using Level 2 inputs. The fair value of the senior notes is based on market values provided by a third-party bank, which were derived using market quotes for similar type debt instruments. See Note 10 for additional information. Non-Recurring Fair Value Measurements The HEP Transaction was accounted for as a business combination using the acquisition method of accounting, with the assets acquired and liabilities assumed at their respective acquisition date fair values at the Closing Date. The fair value measurements were based on a combination of valuation methods including discounted cash flows, the guideline public company method, the market approach and obsolescence adjusted replacement costs, all of which are Level 3 inputs. For the net investments in sales-type leases recognized during the three months ended March 31, 2022, the estimated fair value of the underlying leased assets at contract inception and the present value of the estimated unguaranteed residual asset at the end of the lease term are used in determining the net investment in leases recorded. The asset valuation estimates include Level 3 inputs based on a replacement cost valuation method.

Properties and Equipment

Properties and Equipment	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Properties and Equipment	Properties and Equipment The carrying amounts of our properties and equipment were as follows: March 31, December 31, (In thousands) Pipelines, terminals and tankage $ 1,608,197 $ 1,527,697 Refinery assets 348,882 348,882 Land and right of way 124,150 98,837 Construction in progress 35,111 26,446 Other 62,809 48,203 2,179,149 2,050,065 Less accumulated depreciation (738,261) (721,037) $ 1,440,888 $ 1,329,028

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible AssetsIntangible assets include transportation agreements and customer relationships that represent a portion of the total purchase price of certain assets acquired from Delek US Holdings, Inc. (“Delek”) in 2005, from HFC in 2008 prior to HEP becoming a consolidated VIE of HFC, from Plains in 2017, and from other minor acquisitions in 2018. The carrying amounts of our intangible assets were as follows: Useful Life March 31, December 31, (In thousands) Delek transportation agreement 30 years $ 59,933 $ 59,933 HF Sinclair transportation agreement 10-15 years 75,131 75,131 Customer relationships 10 years 69,683 69,683 Other 20 years 50 50 204,797 204,797 Less accumulated amortization (134,991) (131,490) $ 69,806 $ 73,307 Amortization expense was $3.5 million for each of the three months ended March 31, 2022 and 2021. We estimate amortization expense to be $9.9 million for 2023, and $9.1 million for 2024 through 2027. We have additional transportation agreements with subsidiaries of HF Sinclair resulting from historical transactions consisting of pipeline, terminal and tankage assets contributed to us or acquired from subsidiaries of HF Sinclair. These transactions occurred while we were a consolidated variable interest entity of HF Sinclair; therefore, our basis in these agreements is zero and does not reflect a step-up in basis to fair value.

Employees, Retirement and Incen

Employees, Retirement and Incentive Plans	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Employees, Retirement and Incentive Plans	Employees, Retirement and Incentive Plans Direct support for our operations is provided by HLS, which utilizes personnel employed by HF Sinclair who are dedicated to performing services for us. Their costs, including salaries, bonuses, payroll taxes, benefits and other direct costs, are charged to us monthly in accordance with an omnibus agreement that we have with HF Sinclair (the “Omnibus Agreement”). These employees participate in the retirement and benefit plans of HF Sinclair. Our share of retirement and benefit plan costs was $2.4 million and $2.2 million for the three months ended March 31, 2022 and 2021, respectively. Under HLS’s secondment agreement with HF Sinclair (the “Secondment Agreement”), certain employees of HF Sinclair are seconded to HLS to provide operational and maintenance services for certain of our processing, refining, pipeline and tankage assets, and HLS reimburses HF Sinclair for its prorated portion of the wages, benefits, and other costs related to these employees. We have a Long-Term Incentive Plan for employees and non-employee directors who perform services for us. The Long-Term Incentive Plan consists of five components: restricted or phantom units, performance units, unit options, unit appreciation rights and cash awards. Our accounting policy for the recognition of compensation expense for awards with pro-rata vesting (a significant proportion of our awards) is to expense the costs ratably over the vesting periods. As of March 31, 2022, we had two types of unit-based awards outstanding, which are described below. The compensation cost charged against income was $0.6 million and $0.7 million for the three months ended March 31, 2022 and 2021, respectively. We currently purchase units in the open market instead of issuing new units for settlement of all unit awards under our Long-Term Incentive Plan. As of March 31, 2022, 2,500,000 units were authorized to be granted under our Long-Term Incentive Plan, of which 814,440 were available to be granted, assuming no forfeitures of the unvested units and full achievement of goals for the unvested performance units. Phantom Units Under our Long-Term Incentive Plan, we grant phantom units to our non-employee directors and selected employees who perform services for us, with most awards vesting over a period of one The fair value of each phantom unit award is measured at the market price as of the date of grant and is amortized on a straight-line basis over the requisite service period for each separately vesting portion of the award. A summary of phantom unit activity and changes during the three months ended March 31, 2022, is presented below: Phantom Units Units Weighted Average Grant-Date Fair Value Outstanding at January 1, 2022 (nonvested) 203,263 $ 14.85 Vesting and transfer of full ownership to recipients (2,558) 15.11 Forfeited (13,085) 14.28 Outstanding at March 31, 2022 (nonvested) 187,620 14.89 The grant date fair values of phantom units that were vested and transferred to recipients during the three months ended March 31, 2022 were $39 thousand. No phantom units vested and transferred to recipients during the three months ended March 31, 2021. As of March 31, 2022, $1.3 million of total unrecognized compensation expense related to unvested phantom unit grants is expected to be recognized over a weighted-average period of 1.2 years. Performance Units Under our Long-Term Incentive Plan, we grant performance units to selected officers who perform services for us. Performance units granted are payable in common units at the end of a three-year performance period based upon meeting certain criteria over the performance period. Under the terms of our performance unit grants, some awards are subject to the growth in our distributable cash flow per common unit over the performance period while other awards are subject to "financial performance" and "market performance." Financial performance is based on meeting certain earnings before interest, taxes, depreciation and amortization ("EBITDA") targets, while market performance is based on the relative standing of total unitholder return achieved by HEP compared to peer group companies. The number of units ultimately issued under these awards can range from 0% to 200%. We did not grant any performance units during the three months ended March 31, 2022. Although common units are not transferred to the recipients until the performance units vest, the recipients have distribution rights with respect to the target number of performance units subject to the award from the date of grant at the same rate as distributions paid on our common units. A summary of performance unit activity and changes for the three months ended March 31, 2022, is presented below: Performance Units Units Outstanding at January 1, 2022 (nonvested) 76,719 Vesting and transfer of common units to recipients (24,809) Forfeited (9,124) Outstanding at March 31, 2022 (nonvested) 42,786 The grant date fair value of performance units vested and transferred to recipients during the three months ended March 31, 2022 and 2021 was $0.6 million and $0.4 million, respectively. Based on the weighted-average fair value of performance units outstanding at March 31, 2022, of $0.7 million, there was $0.4 million of total unrecognized compensation expense related to nonvested performance units, which is expected to be recognized over a weighted-average period of 1.7 years. During the three months ended March 31, 2022, we did not purchase any of our common units in the open market for the issuance and settlement of unit awards under our Long-Term Incentive Plan.

Debt

Debt	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt Credit Agreement In April 2021, we amended our senior secured revolving credit facility (the “Credit Agreement”) decreasing the size of the facility from $1.4 billion to $1.2 billion and extending the maturity date to July 27, 2025. The Credit Agreement is available to fund capital expenditures, investments, acquisitions, distribution payments, working capital and for general partnership purposes. The Credit Agreement is also available to fund letters of credit up to a $50 million sub-limit and continues to provide for an accordion feature that allows us to increase commitments under the Credit Agreement up to a maximum amount of $1.7 billion. Our obligations under the Credit Agreement are collateralized by substantially all of our assets, and indebtedness under the Credit Agreement is guaranteed by our material, wholly owned subsidiaries. The Credit Agreement requires us to maintain compliance with certain financial covenants consisting of total leverage, senior secured leverage, and interest coverage. It also limits or restricts our ability to engage in certain activities. If, at any time prior to the maturity of the Credit Agreement, HEP obtains two investment grade credit ratings, the Credit Agreement will become unsecured and many of the covenants, limitations, and restrictions will be eliminated. We may prepay all loans at any time without penalty, except for tranche breakage costs. If an event of default exists under the Credit Agreement, the lenders will be able to accelerate the maturity of all loans outstanding and exercise other rights and remedies. We were in compliance with the covenants under the Credit Agreement as of March 31, 2022. Senior Notes On April 8, 2022, we closed a private placement of $400 million in aggregate principal amount of 6.375% senior unsecured notes due in 2027 (the “6.375% Senior Notes”). The 6.375% Senior Notes were issued at par for net proceeds of approximately $393 million, after deducting the initial purchasers’ discounts and commissions and estimated offering expenses. The total net proceeds from the offering of the 6.375% Senior Notes were used to partially repay outstanding borrowings under the Credit Agreement, increasing our available liquidity. As of March 31, 2022, we had $500 million aggregate principal amount of 5% senior unsecured notes due in 2028 (the “5% Senior Notes”). The 5% Senior Notes and the 6.375% Senior Notes are unsecured and impose certain restrictive covenants, including limitations on our ability to incur additional indebtedness, make investments, sell assets, incur certain liens, pay distributions, enter into transactions with affiliates, and enter into mergers. We were in compliance with the restrictive covenants for the 5% Senior Notes as of March 31, 2022. At any time when the 5% Senior Notes and 6.375% Senior Notes are rated investment grade by either Moody’s or Standard & Poor’s and no default or event of default exists, we will not be subject to many of the foregoing covenants. Additionally, we have certain redemption rights at varying premiums over face value under the 5% Senior Notes and the 6.375% Senior Notes. Indebtedness under the 5% Senior Notes and the 6.375% Senior Notes is guaranteed by all of our existing wholly owned subsidiaries (other than Holly Energy Finance Corp., UNEV Pipeline, LLC and certain immaterial subsidiaries). Long-term Debt The carrying amounts of our long-term debt were as follows: March 31, December 31, (In thousands) Credit Agreement Amount outstanding $ 1,141,500 840,000 5% Senior Notes Principal 500,000 500,000 Unamortized premium and debt issuance costs (7,133) (6,951) 492,867 493,049 Total long-term debt $ 1,634,367 $ 1,333,049

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions We serve HF Sinclair’s refineries under long-term pipeline, terminal and tankage throughput agreements, and refinery processing unit tolling agreements expiring from 2023 to 2037, and revenues from HF Sinclair accounted for 77% of our total revenues for the three months ended March 31, 2022. Under these agreements, HF Sinclair agrees to transport, store and process throughput volumes of refined product, crude oil and feedstocks on our pipelines, terminals, tankage, loading rack facilities and refinery processing units that result in minimum annual payments to us. These minimum annual payments or revenues are generally subject to annual rate adjustments on July 1st each year based on increases or decreases in PPI or the FERC index. As of March 31, 2022, these agreements with HF Sinclair require minimum annualized payments to us of $424.3 million. If HF Sinclair fails to meet its minimum volume commitments under the agreements in any quarter, it will be required to pay us the amount of any shortfall in cash by the last day of the month following the end of the quarter. Under certain of these agreements, a shortfall payment may be applied as a credit in the following four quarters after its minimum obligations are met. Under certain provisions of the Omnibus Agreement, we pay HF Sinclair an annual administrative fee (currently $5.0 million) for the provision by HF Sinclair or its affiliates of various general and administrative services to us. In connection with the HEP Transaction, we pay HF Sinclair a temporary monthly fee of $62,500 relating to transition services to be provided to HEP by HF Sinclair. Neither the annual administrative fee nor the temporary monthly fee includes the salaries of personnel employed by HF Sinclair who perform services for us on behalf of HLS or the cost of their employee benefits, which are charged to us separately by HF Sinclair. Also, we reimburse HF Sinclair and its affiliates for direct expenses they incur on our behalf. Related party transactions with HF Sinclair and its subsidiaries were as follows: • Revenues received from HF Sinclair were $92.3 million and $101.9 million for the three months ended March 31, 2022 and 2021, respectively. • HF Sinclair charged us general and administrative services under the Omnibus Agreement of $0.8 million and $0.7 million for the three months ended March 31, 2022 and 2021, respectively. In addition, HF Sinclair charged us $36,000 for a prorated portion of the temporary administrative fee during the three months ended March 31, 2022. • We reimbursed HF Sinclair for costs of employees supporting our operations of $16.1 million and $14.4 million for the three months ended March 31, 2022 and 2021, respectively. • HF Sinclair reimbursed us $3.1 million for each of the three months ended March 31, 2022 and 2021, for expense and capital projects. • We distributed $20.9 million in each of the three months ended March 31, 2022 and 2021, to HF Sinclair as regular distributions on its common units. • Accounts receivable from HF Sinclair were $44.3 million and $56.2 million at March 31, 2022, and December 31, 2021, respectively. • Accounts payable to HF Sinclair were $10.7 million and $11.7 million at March 31, 2022, and December 31, 2021, respectively. • Deferred revenue in the consolidated balance sheets included at March 31, 2022 and December 31, 2021, includes $3.3 million and $4.1 million, respectively, relating to certain shortfall billings to HF Sinclair. • We received direct financing lease payments from HF Sinclair for use of our Artesia and Tulsa rail yards of $0.5 million for each of the three months ended March 31, 2022 and 2021. • We recorded a gain on sales-type leases with HF Sinclair of $24.7 million for the three months ended March 31, 2021, and we received sales-type lease payments of $12.6 million and $6.2 million from HF Sinclair for the three months ended March 31, 2022 and 2021, respectively. • HEP and HFC reached an agreement to terminate the existing minimum volume commitments for HEP’s Cheyenne assets and enter into new agreements, which were finalized and executed on February 8, 2021, with the following terms, in each case effective January 1, 2021: (1) a ten-year lease with two five-year renewal option periods for HFC’s (and now HF Sinclair’s) use of certain HEP tank and rack assets in the Cheyenne Refinery to facilitate renewable diesel production with an annual lease payment of approximately $5 million, (2) a five-year contango service fee arrangement that will utilize HEP tank assets inside the Cheyenne Refinery where HFC (and now HF Sinclair) will pay a base tariff to HEP for available crude oil storage and HF Sinclair and HEP will split any profits generated on crude oil contango opportunities and (3) a $10 million one-time cash payment from HF Sinclair to HEP for the termination of the existing minimum volume commitment. Contemporaneous with the closing of the Sinclair Transactions, HEP and HFC amended certain intercompany agreements, including the master throughput agreement, to include within the scope of such agreements certain of the assets acquired by HEP pursuant to the Contribution Agreement.

Partners' Equity, Income Alloca

Partners' Equity, Income Allocations and Cash Distributions	3 Months Ended
	Mar. 31, 2022
Partners' Capital [Abstract]
Partners' Equity, Income Allocations and Cash Distributions	Partners’ Equity, Income Allocations and Cash Distributions As of March 31, 2022, HF Sinclair held 59,630,030 of our common units, constituting a 47% limited partner interest in us, and held the non-economic general partner interest. Continuous Offering Program We have a continuous offering program under which we may issue and sell common units from time to time, representing limited partner interests, up to an aggregate gross sales amount of $200 million. As of March 31, 2022, HEP has issued 2,413,153 units under this program, providing $82.3 million in gross proceeds. Allocations of Net Income Net income attributable to HEP is allocated to the partners based on their weighted-average ownership percentage during the period. Cash Distributions On April 21, 2022, we announced our cash distribution for the first quarter of 2022 of $0.35 per unit. The distribution is payable on all common units and will be paid May 13, 2022, to all unitholders of record on May 2, 2022. Our regular quarterly cash distribution to the limited partners will be $44.3 million for the three months ended March 31, 2022 and was $37.0 million for the three months ended March 31, 2021. Our distributions are declared subsequent to quarter end; therefore, these amounts do not reflect distributions paid during the respective period.

Net Income Per Limited Partner

Net Income Per Limited Partner Unit	3 Months Ended
	Mar. 31, 2022
Net Income per Limited Partner Unit [Abstract]
Net Income Per Limited Partner Unit	Net Income Per Limited Partner UnitBasic net income per unit applicable to the limited partners is calculated as net income attributable to the partners, adjusted for participating securities’ share in earnings, divided by the weighted average limited partners’ units outstanding. Diluted net income per unit assumes, when dilutive, the issuance of the net incremental units from phantom units and performance units. To the extent net income attributable to the partners exceeds or is less than cash distributions, this difference is allocated to the partners based on their weighted-average ownership percentage during the period. Our dilutive securities are immaterial for all periods presented. Net income per limited partner unit is computed as follows: Three Months Ended 2022 2021 (In thousands, except per unit data) Net income attributable to the partners 49,559 $ 64,397 Less: Participating securities’ share in earnings (111) (225) Net income attributable to common units 49,448 64,172 Weighted average limited partners' units outstanding 109,640 105,440 Limited partners' per unit interest in earnings - basic and diluted $ 0.45 $ 0.61

Environmental

Environmental	3 Months Ended
	Mar. 31, 2022
Environmental Remediation Obligations [Abstract]
Environmental	Environmental We expensed $0.1 million and $33 thousand for the three months ended March 31, 2022 and 2021, respectively, for environmental remediation obligations. The accrued environmental liability, net of expected recoveries from indemnifying parties, reflected in our consolidated balance sheets was $8.7 million and $3.9 million at March 31, 2022 and December 31, 2021, of which $7.0 million and $2.4 million was classified as other long-term liabilities for March 31, 2022 and December 31, 2021, respectively. These accruals include remediation and monitoring costs expected to be incurred over an extended period of time. Accrued environmental liabilities assumed in the Sinclair acquisition have preliminarily been fair valued at $5.0 million. Estimated liabilities could increase in the future as the purchase price allocation for the Sinclair Transportation acquisition is finalized and when the results of ongoing investigations become known, are considered probable and can be reasonably estimated. Under the Omnibus Agreement and certain transportation agreements and purchase agreements with HF Sinclair and/or its subsidiaries, HF Sinclair has agreed to indemnify us, subject to certain monetary and time limitations, for environmental noncompliance and remediation liabilities associated with certain assets transferred to us from HF Sinclair and its subsidiaries and occurring or existing prior to the date of such transfers. Our consolidated balance sheets included additional accrued environmental liabilities of $0.3 million for HF Sinclair indemnified liabilities as of both March 31, 2022 and December 31, 2021, and other assets included equal and offsetting balances representing amounts due from HF Sinclair related to indemnifications for environmental remediation liabilities.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies	ContingenciesWe are a party to various legal and regulatory proceedings, none of which we believe will have a material adverse impact on our financial condition, results of operations or cash flows.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Segment Information	Segment Information Although financial information is reviewed by our chief operating decision makers from a variety of perspectives, they view the business in two reportable operating segments: pipelines and terminals, and refinery processing units. These operating segments adhere to the accounting polices used for our consolidated financial statements. Pipelines and terminals have been aggregated as one reportable segment as both pipeline and terminals (1) have similar economic characteristics, (2) similarly provide logistics services of transportation and storage of petroleum products, (3) similarly support the petroleum refining business, including distribution of its products, (4) have principally the same customers and (5) are subject to similar regulatory requirements. We evaluate the performance of each segment based on its respective operating income. Certain general and administrative expenses and interest and financing costs are excluded from segment operating income as they are not directly attributable to a specific reportable segment. Identifiable assets are those used by the segment, whereas other assets are principally equity method investments, cash, deposits and other assets that are not associated with a specific reportable segment. Three Months Ended 2022 2021 (In thousands) Revenues: Pipelines and terminals - affiliate $ 73,851 $ 79,430 Pipelines and terminals - third-party 27,944 25,257 Refinery processing units - affiliate 18,403 22,496 Total segment revenues $ 120,198 $ 127,183 Segment operating income: Pipelines and terminals (1) $ 49,804 $ 41,484 Refinery processing units 5,582 8,235 Total segment operating income 55,386 49,719 Unallocated general and administrative expenses (4,312) (2,968) Interest expense (13,639) (13,240) Interest income 12,647 6,548 Equity in earnings of equity method investments 3,626 1,763 Gain on sales-type leases — 24,650 Gain (loss) on sale of assets and other 101 502 Income before income taxes $ 53,809 $ 66,974 Capital Expenditures: Pipelines and terminals $ 10,421 $ 33,218 Refinery processing units 3,726 — Total capital expenditures $ 14,147 $ 33,218 March 31, 2022 December 31, 2021 (In thousands) Identifiable assets: Pipelines and terminals (2) $ 2,158,800 $ 1,737,388 Refinery processing units 304,686 294,452 Other 313,790 134,027 Total identifiable assets $ 2,777,276 $ 2,165,867 (1) Pipelines and terminals segment operating income included goodwill impairment charges of $11.0 million for the three months ended March 31, 2021. (2) Included goodwill of $307.4 million as of March 31, 2022 and $223.7 million as of December 31, 2021.

Supplemental Guarantor _ Non-Gu

Supplemental Guarantor / Non-Guarantor Financial Information	3 Months Ended
	Mar. 31, 2022
Supplemental Guarantor / Non-Guarantor Financial Information [Abstract]
Supplemental Guarantor / Non-Guarantor Financial Information	Supplemental Guarantor/Non-Guarantor Financial Information Obligations of HEP (“Parent”) under the 5% Senior Notes and the 6.375% Senior Notes have been jointly and severally guaranteed by each of its direct and indirect 100% owned subsidiaries, other than Holly Energy Finance Corp., UNEV Pipeline, LLC and certain immaterial subsidiaries (“Guarantor Subsidiaries”). These guarantees are full and unconditional, subject to certain customary release provisions. These circumstances include (i) when a Guarantor Subsidiary is sold or sells all or substantially all of its assets, (ii) when a Guarantor Subsidiary is declared “unrestricted” for covenant purposes, (iii) when a Guarantor Subsidiary’s guarantee of other indebtedness is terminated or released and (iv) when the requirements for legal defeasance or covenant defeasance or to discharge the senior notes have been satisfied. The following financial information presents condensed consolidating balance sheets, statements of income, and statements of cash flows of the Parent, the Guarantor Subsidiaries and the Non-Guarantor Subsidiaries. The information has been presented as if the Parent accounted for its ownership in the Guarantor Subsidiaries, and the Guarantor Restricted Subsidiaries accounted for the ownership of the Non-Guarantor Non-Restricted Subsidiaries, using the equity method of accounting. Condensed Consolidating Balance Sheet March 31, 2022 Parent Guarantor Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 4,969 $ (1,538) $ 11,585 $ — $ 15,016 Accounts receivable — 52,940 6,882 (295) 59,527 Prepaid and other current assets 499 10,281 1,241 (316) 11,705 Total current assets 5,468 61,683 19,708 (611) 86,248 Properties and equipment, net — 1,141,624 299,264 — 1,440,888 Operating lease right-of-use assets — 2,660 67 — 2,727 Net investment in leases — 543,623 100,797 (100,797) 543,623 Investment in subsidiaries 2,458,154 373,881 — (2,832,035) — Intangible assets, net — 69,806 — — 69,806 Goodwill — 307,387 — — 307,387 Equity method investments — 255,370 36,658 — 292,028 Deferred turnaround costs — 20,155 — 20,155 Other assets 7,534 6,880 — 14,414 Total assets $ 2,471,156 $ 2,783,069 $ 456,494 $ (2,933,443) $ 2,777,276 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ 34,664 $ 8,188 $ (295) $ 42,557 Accrued interest 5,736 — — — 5,736 Deferred revenue — 14,463 100 — 14,563 Accrued property taxes — 5,474 1,715 — 7,189 Current operating lease liabilities — 931 69 — 1,000 Current finance lease liabilities — 5,752 — (1,927) 3,825 Other current liabilities 268 1,848 396 — 2,512 Total current liabilities 6,004 63,132 10,468 (2,222) 77,382 Long-term debt 1,634,367 — — — 1,634,367 Noncurrent operating lease liabilities — 2,207 — — 2,207 Noncurrent finance lease liabilities — 154,207 — (90,442) 63,765 Other long-term liabilities 432 18,062 414 — 18,908 Deferred revenue — 29,802 — — 29,802 Class B unit — 57,505 — — 57,505 Equity - partners 830,353 2,458,154 373,881 (2,840,779) 821,609 Equity - noncontrolling interests — — 71,731 — 71,731 Total liabilities and equity $ 2,471,156 $ 2,783,069 $ 456,494 $ (2,933,443) $ 2,777,276 Condensed Consolidating Balance Sheet December 31, 2021 Parent Guarantor Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 1,273 $ (899) $ 14,007 $ — $ 14,381 Accounts receivable — 60,418 8,816 (335) 68,899 Prepaid and other current assets 353 9,680 1,304 (304) 11,033 Total current assets 1,626 69,199 24,127 (639) 94,313 Properties and equipment, net — 1,026,912 302,116 — 1,329,028 Operating lease right-of-use assets — 2,189 86 — 2,275 Net investment in leases — 309,301 100,032 (100,030) 309,303 Investment in subsidiaries 1,785,024 301,721 — (2,086,745) — Intangible assets, net — 73,307 — — 73,307 Goodwill — 223,650 — — 223,650 Equity method investments — 78,873 37,505 — 116,378 Deferred turnaround costs — 2,632 2,632 Other assets 8,118 6,863 — — 14,981 Total assets $ 1,794,768 $ 2,094,647 $ 463,866 $ (2,187,414) $ 2,165,867 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ 28,447 $ 12,168 $ (335) $ 40,280 Accrued interest 11,258 — — — 11,258 Deferred revenue — 14,085 500 — 14,585 Accrued property taxes — 3,364 1,178 — 4,542 Current operating lease liabilities — 545 75 — 620 Current finance lease liabilities — 5,566 — (1,780) 3,786 Other current liabilities 3 1,513 265 — 1,781 Total current liabilities 11,261 53,520 14,186 (2,115) 76,852 Long-term debt 1,333,049 — — — 1,333,049 Noncurrent operating lease liabilities — 2,030 — — 2,030 Noncurrent finance lease liabilities — 156,102 — (91,453) 64,649 Other long-term liabilities 340 11,760 427 — 12,527 Deferred revenue — 29,662 — — 29,662 Class B unit — 56,549 — — 56,549 Equity - partners 450,118 1,785,024 301,721 (2,093,846) 443,017 Equity - noncontrolling interests — — 147,532 — 147,532 Total liabilities and equity $ 1,794,768 $ 2,094,647 $ 463,866 $ (2,187,414) $ 2,165,867 Condensed Consolidating Statement of Income Three Months Ended March 31, 2022 Parent Guarantor Restricted Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) Revenues: Affiliates $ — $ 85,709 $ 6,545 $ — $ 92,254 Third parties — 20,139 7,805 — 27,944 — 105,848 14,350 — 120,198 Operating costs and expenses: Operations (exclusive of depreciation and amortization) — 37,579 5,046 — 42,625 Depreciation and amortization — 17,962 4,225 — 22,187 General and administrative 1,088 3,224 — — 4,312 1,088 58,765 9,271 — 69,124 Operating income (loss) (1,088) 47,083 5,079 — 51,074 Other income (expense): Equity in earnings of subsidiaries 63,327 7,297 — (70,624) — Equity in earnings of equity method investments — 2,720 906 — 3,626 Interest expense (12,680) (5,086) — 4,127 (13,639) Interest income — 12,647 4,127 (4,127) 12,647 Gain on sale of assets and other — 101 — — 101 50,647 17,679 5,033 (70,624) 2,735 Income before income taxes 49,559 64,762 10,112 (70,624) 53,809 State income tax expense — (31) — — (31) Net income 49,559 64,731 10,112 (70,624) 53,778 Allocation of net income attributable to noncontrolling interests — (1,404) (2,815) — (4,219) Net income attributable to the partners $ 49,559 $ 63,327 $ 7,297 $ (70,624) $ 49,559 Condensed Consolidating Statement of Income Three Months Ended March 31, 2021 Parent Guarantor Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) Revenues: Affiliates $ — $ 95,701 $ 6,225 $ — $ 101,926 Third parties — 19,051 6,206 — 25,257 — 114,752 12,431 — 127,183 Operating costs and expenses: Operations (exclusive of depreciation and amortization) — 37,799 3,566 — 41,365 Depreciation and amortization — 20,836 4,229 — 25,065 General and administrative 1,178 1,790 — — 2,968 Goodwill impairment — 11,034 — — 11,034 1,178 71,459 7,795 — 80,432 Operating income (loss) (1,178) 43,293 4,636 — 46,751 Other income (expense): Equity in earnings of subsidiaries 77,809 4,136 — (81,945) — Equity in earnings of equity method investments 618 1,145 — 1,763 Interest expense (12,234) (1,006) — — (13,240) Interest income 6,548 — — 6,548 Gain on sales-type lease — 24,650 — — 24,650 Gain on sale of assets and other — 501 1 — 502 65,575 35,447 1,146 (81,945) 20,223 Income before income taxes 64,397 78,740 5,782 (81,945) 66,974 State income tax expense — (37) — — (37) Net income 64,397 78,703 5,782 (81,945) 66,937 Allocation of net income attributable to noncontrolling interests — (893) (1,647) — (2,540) Net income attributable to the partners $ 64,397 $ 77,810 $ 4,135 $ (81,945) $ 64,397

Description of Business and P_2

Description of Business and Presentation of Financial Statements (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Principles of Consolidation and Common Control Transactions	Principles of Consolidation and Common Control Transactions The consolidated financial statements include our accounts and those of subsidiaries and joint ventures that we control. All significant intercompany transactions and balances have been eliminated.
Goodwill and Long-lived Assets	Goodwill and Long-lived Assets Goodwill represents the excess of our cost of an acquired business over the fair value of the assets acquired, less liabilities assumed. Goodwill is not subject to amortization and is tested annually or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. Our goodwill impairment testing first entails either a quantitative assessment or an optional qualitative assessment to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If we determine that based on the qualitative factors that it is more likely than not that the carrying amount of the reporting unit is greater than its fair value, a quantitative test is performed in which we estimate the fair value of the related reporting unit. If the carrying amount of a reporting unit exceeds its fair value, the goodwill of that reporting unit is impaired, and we measure goodwill impairment as the excess of the carrying amount of the reporting unit over the related fair value. Indicators of Goodwill and Long-lived Asset Impairment During the first quarter of 2021, changes in our agreements with HF Sinclair related to our Cheyenne assets resulted in an increase in the net book value of our Cheyenne reporting unit due to sales-type lease accounting, which led us to determine indicators of potential goodwill impairment for our Cheyenne reporting unit were present. The estimated fair value of our Cheyenne reporting unit was derived using a combination of income and market approaches. The income approach reflects expected future cash flows based on anticipated gross margins, operating costs, and capital expenditures. The market approaches include both the guideline public company and guideline transaction methods. Both methods utilize pricing multiples derived from historical market transactions of other like-kind assets. These fair value measurements involve significant unobservable inputs (Level 3 inputs). See Note 6 for further discussion of Level 3 inputs. Our interim impairment testing of our Cheyenne reporting unit goodwill identified an impairment charge of $11.0 million, which was recorded in the three months ended March 31, 2021. We performed our annual goodwill impairment testing qualitatively as of July 1, 2021, and determined it was not more likely than not that the carrying amount of each reporting unit was greater than its fair value. Therefore, a quantitative test was not necessary, and no additional impairment of goodwill was recorded. We evaluate long-lived assets, including finite-lived intangible assets, for potential impairment by identifying whether indicators of impairment exist and, if so, assessing whether the long-lived assets are recoverable from estimated future undiscounted cash flows. The actual amount of impairment loss, if any, to be recorded is equal to the amount by which a long-lived asset’s carrying value exceeds its fair value.
Revenue Recognition	Revenue Recognition Revenues are generally recognized as products are shipped through our pipelines and terminals, feedstocks are processed through our refinery processing units or other services are rendered. The majority of our contracts with customers meet the definition of a lease since (1) performance of the contracts is dependent on specified property, plant, or equipment and (2) it is unlikely that one or more parties other than the customer will take more than a minor amount of the output associated with the specified property, plant, or equipment. Prior to the adoption of the new lease standard (see below), we bifurcated the consideration received between lease and service revenue. The new lease standard allows the election of a practical expedient whereby a lessor does not have to separate non-lease (service) components from lease components under certain conditions. The majority of our contracts meet these conditions, and we have made this election for those contracts. Under this practical expedient, we treat the combined components as a single performance obligation in accordance with Accounting Standards Codification (“ASC”) 606, which largely codified ASU 2014-09, if the non-lease (service) component is the dominant component. If the lease component is the dominant component, we treat the combined components as a lease in accordance with ASC 842, which largely codified ASU 2016-02. Several of our contracts include incentive or reduced tariffs once a certain quarterly volume is met. Revenue from the variable element of these transactions is recognized based on the actual volumes shipped as it relates specifically to rendering the services during the applicable quarter. The majority of our long-term transportation contracts specify minimum volume requirements, whereby, we bill a customer for a minimum level of shipments in the event a customer ships below their contractual requirements. If there are no future performance obligations, we will recognize these deficiency payments in revenue. In certain of these throughput agreements, a customer may later utilize such shortfall billings as credit towards future volume shipments in excess of its minimum levels within its respective contractual shortfall make-up period. Such amounts represent an obligation to perform future services, which may be initially deferred and later recognized as revenue based on estimated future shipping levels, including the likelihood of a customer’s ability to utilize such amounts prior to the end of the contractual shortfall make-up period. We recognize these deficiency payments in revenue when we do not expect we will be required to satisfy these performance obligations in the future based on the pattern of rights projected to be exercised by the customer. During the three months ended March 31, 2022 and 2021, we recognized $5.2 million and $3.8 million, respectively, of these deficiency payments in revenue, of which $0.9 million and $0.5 million, respectively, related to deficiency payments billed in prior periods. We have other cost reimbursement provisions in our throughput / storage agreements providing that customers (including HF Sinclair) reimburse us for certain costs. Such reimbursements are recorded as revenue or deferred revenue depending on the nature of the cost. Deferred revenue is recognized over the remaining contractual term of the related throughput agreement.
Lessee Accounting	Lessee Accounting At inception, we determine if an arrangement is or contains a lease. Right-of-use assets represent our right to use an underlying asset for the lease term, and lease liabilities represent our payment obligation under the leasing arrangement. Right-of-use assets and lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. We use our estimated incremental borrowing rate (“IBR”) to determine the present value of lease payments as most of our leases do not contain an implicit rate. Our IBR represents the interest rate which we would pay to borrow, on a collateralized basis, an amount equal to the lease payments over a similar term in a similar economic environment. We use the implicit rate when readily determinable. Operating leases are recorded in operating lease right-of-use assets and current and noncurrent operating lease liabilities on our consolidated balance sheet. Finance leases are included in properties and equipment, current finance lease liabilities and noncurrent finance lease liabilities on our consolidated balance sheet. When renewal options are defined in a lease, our lease term includes an option to extend the lease when it is reasonably certain we will exercise that option. Leases with a term of 12 months or less are not recorded on our balance sheet, and lease expense is accounted for on a straight-line basis. In addition, as a lessee, we separate non-lease components that are identifiable and exclude them from the determination of net present value of lease payment obligations.
Lessor Accounting	Lessor Accounting Customer contracts that contain leases are generally classified as either operating leases, direct finance leases or sales-type leases. We consider inputs such as the lease term, fair value of the underlying asset and residual value of the underlying assets when assessing the classification.
Deferred Turnaround Costs	Deferred Turnaround Costs Our refinery processing units require regular major maintenance and repairs which are commonly referred to as “turnarounds.” The required frequency of the maintenance varies by unit, but generally is every four
Fair Value Measurements	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are derived using inputs (assumptions that market participants would use in pricing an asset or liability) including assumptions about risk. GAAP categorizes inputs used in fair value measurements into three broad levels as follows: • (Level 1) Quoted prices in active markets for identical assets or liabilities. • (Level 2) Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, similar assets and liabilities in markets that are not active or can be corroborated by observable market data. • (Level 3) Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes valuation techniques that involve significant unobservable inputs.

Sinclair Acquisition (Tables)

Sinclair Acquisition (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Schedule of Preliminary Purchase Price Consideration and Allocation	The following tables present the preliminary purchase consideration and preliminary purchase price allocation to the assets acquired and liabilities assumed on March 14, 2022: Preliminary Purchase Consideration (in thousands except for per share amounts) HEP common units issued 21,000 Closing price per unit of HEP common units (1) $ 16.62 Purchase consideration paid in HEP common units 349,020 Cash consideration paid by HEP (2) 325,000 Estimated Adjusted Payments HEP (3,634) Total cash consideration 321,366 Total purchase consideration $ 670,386 (1) Based on the HEP closing unit price on March 11, 2022. (2) Net of cash acquired
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	(In thousands) Assets Acquired Accounts receivable $ 687 Prepaid and other current assets 59 Properties and equipment 357,144 Operating lease right-of-use assets 105 Other assets 46 Goodwill 83,737 Equity method investments 238,484 Total assets acquired $ 680,262 Liabilities Assumed Accounts payable 2,376 Accrued property taxes 973 Other current liabilities 454 Operating lease liabilities 33 Noncurrent operating lease liabilities 72 Other long-term liabilities 5,968 Total liabilities assumed $ 9,876 Net assets acquired $ 670,386
Schedule of Pro Forma Information	The pro forma combined condensed financial data has been included for comparative purposes only and is not necessarily indicative of the results that might have occurred had the HEP Transaction taken place on January 1, 2021 and is not intended to be a projection of future results. Three Months Ended March 31, 2022 2021 (In thousands) Sales and other revenues $ 134,960 $ 143,190 Net income (loss) attributable to HEP stockholders $ 50,782 $ 70,425

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregated Revenue	Disaggregated revenues were as follows: Three Months Ended 2022 2021 (In thousands) Pipelines $ 64,780 $ 66,505 Terminals, tanks and loading racks 37,015 38,182 Refinery processing units 18,403 22,496 $ 120,198 $ 127,183
Schedule of Revenues	R evenues on our consolidated statem ents of income were composed of the following lease and service revenues: Three Months Ended 2022 2021 (In thousands) Lease revenues $ 72,914 $ 87,944 Service revenues 47,284 39,239 $ 120,198 $ 127,183
Schedule of Contract Asset and Contract Liability Balances	Our consolidated balance sheets included the contract assets and liabilities in the table below: March 31, December 31, (In thousands) Contract assets $ 6,682 $ 6,637 Contract liabilities $ (3,431) $ (4,185)
Schedule of Future Performance Obligations	We expect to recognize revenue for these unfulfilled performance obligations as shown in the table below (amounts shown in table include both service and lease revenues): Years Ending December 31, (In millions) Remainder of 2022 $ 256 2023 290 2024 248 2025 178 2026 163 2027 132 Thereafter 388 Total $ 1,655

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases was as follows (in thousands, except for lease term and discount rate): March 31, December 31, 2021 Operating leases: Operating lease right-of-use assets, net $ 2,727 $ 2,275 Current operating lease liabilities 1,000 620 Noncurrent operating lease liabilities 2,207 2,030 Total operating lease liabilities $ 3,207 $ 2,650 Finance leases: Properties and equipment $ 6,172 $ 6,031 Accumulated amortization (3,823) (3,632) Properties and equipment, net $ 2,349 $ 2,399 Current finance lease liabilities $ 3,825 $ 3,786 Noncurrent finance lease liabilities 63,765 64,649 Total finance lease liabilities $ 67,590 $ 68,435 Weighted average remaining lease term (in years): Operating leases 5.7 5.8 Finance leases 14.8 15.0 Weighted average discount rate: Operating leases 4.8% 4.8% Finance leases 5.6% 5.6%
Schedule of Supplemental Cash Flow Information and Components of Lease Expense	Supplemental cash flow and other information related to leases were as follows: Three Months Ended 2022 2021 (In thousands) Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows on operating leases $ 276 $ 312 Operating cash flows on finance leases $ 981 $ 1,058 Financing cash flows on finance leases $ 881 $ 958 The components of lease expense were as follows: Three Months Ended 2022 2021 (In thousands) Operating lease costs $ 262 $ 298 Finance lease costs Amortization of assets 192 212 Interest on lease liabilities 959 1,006 Variable lease cost 37 66 Total net lease cost $ 1,450 $ 1,582
Schedule of Operating and Finance Lease Maturities	Maturities of lease liabilities were as follows: March 31, 2022 Operating Finance (In thousands) 2022 $ 783 $ 5,499 2023 935 7,383 2024 524 6,938 2025 443 6,479 2026 289 6,432 2027 and thereafter 501 67,463 Total lease payments 3,475 100,194 Less: Imputed interest (268) (32,604) Total lease obligations 3,207 67,590 Less: Current lease liabilities (1,000) (3,825) Noncurrent lease liabilities $ 2,207 $ 63,765
Sales-Type Lease, Gain Recognized	Because we recorded these assets at fair values under purchase price accounting, there was no gain or loss on these sales-type leases during the three months ended March 31, 2022. The balance sheet impacts were composed of the following: Three Months Ended March 31, 2022 (In thousands) Net investment in leases $ 235,620 Properties and equipment, net (235,620) Gain on sales-type leases $ — Three Months Ended March 31, 2021 (In thousands) Net investment in leases $ 41,246 Properties and equipment, net (23,155) Deferred revenue 6,559 Gain on sales-type leases $ 24,650
Schedule of Lease Income	Lease income recognized was as follows: Three Months Ended 2022 2021 (In thousands) Operating lease revenues $ 69,975 $ 85,892 Direct financing lease interest income 520 524 Gain on sales-type leases — 24,650 Sales-type lease interest income 12,123 6,025 Lease revenues relating to variable lease payments not included in measurement of the sales-type lease receivable 2,939 2,052
Schedule of Minimum Undiscounted Lease Payments	Annual minimum undiscounted lease payments under our leases were as follows as of March 31, 2022: Operating Finance Sales-type Years Ending December 31, (In thousands) Remainder of 2022 $ 214,431 $ 1,627 $ 75,223 2023 261,938 2,175 96,383 2024 224,373 2,192 93,154 2025 159,983 2,209 89,727 2026 145,748 2,227 89,727 2027 and thereafter 449,793 36,610 841,406 Total lease receipt payments $ 1,456,266 $ 47,040 $ 1,285,620 Less: Imputed interest (30,693) (1,155,318) 16,347 130,302 Unguaranteed residual assets at end of leases — 402,750 Net investment in leases $ 16,347 $ 533,052
Schedule of Net Investment in Leases	Net investments in leases recorded on our balance sheet were composed of the following: March 31, 2022 December 31, 2021 Sales-type Leases Direct Financing Leases Sales-type Leases Direct Financing Leases (In thousands) (In thousands) Lease receivables (1) $ 430,779 $ 16,347 $ 207,768 $ 16,371 Unguaranteed residual assets 102,273 — 90,097 — Net investment in leases $ 533,052 $ 16,347 $ 297,865 $ 16,371 (1) Current portion of lease receivables included in prepaid and other current assets on the balance sheet.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Carrying Amounts of Estimated Fair Values of Senior Notes	The carrying amounts and estimated fair values of our senior notes were as follows: March 31, 2022 December 31, 2021 Financial Instrument Fair Value Input Level Carrying Fair Value Carrying Fair Value (In thousands) Liabilities: 5% Senior Notes Level 2 492,867 474,605 493,049 502,705

Properties and Equipment (Table

Properties and Equipment (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of Properties and Equipment	The carrying amounts of our properties and equipment were as follows: March 31, December 31, (In thousands) Pipelines, terminals and tankage $ 1,608,197 $ 1,527,697 Refinery assets 348,882 348,882 Land and right of way 124,150 98,837 Construction in progress 35,111 26,446 Other 62,809 48,203 2,179,149 2,050,065 Less accumulated depreciation (738,261) (721,037) $ 1,440,888 $ 1,329,028

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets by Major Class	The carrying amounts of our intangible assets were as follows: Useful Life March 31, December 31, (In thousands) Delek transportation agreement 30 years $ 59,933 $ 59,933 HF Sinclair transportation agreement 10-15 years 75,131 75,131 Customer relationships 10 years 69,683 69,683 Other 20 years 50 50 204,797 204,797 Less accumulated amortization (134,991) (131,490) $ 69,806 $ 73,307

Employees, Retirement and Inc_2

Employees, Retirement and Incentive Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Share-based Payment Arrangement [Abstract]
Schedule of Phantom Units	A summary of phantom unit activity and changes during the three months ended March 31, 2022, is presented below: Phantom Units Units Weighted Average Grant-Date Fair Value Outstanding at January 1, 2022 (nonvested) 203,263 $ 14.85 Vesting and transfer of full ownership to recipients (2,558) 15.11 Forfeited (13,085) 14.28 Outstanding at March 31, 2022 (nonvested) 187,620 14.89
Schedule of Performance Units	A summary of performance unit activity and changes for the three months ended March 31, 2022, is presented below: Performance Units Units Outstanding at January 1, 2022 (nonvested) 76,719 Vesting and transfer of common units to recipients (24,809) Forfeited (9,124) Outstanding at March 31, 2022 (nonvested) 42,786

Debt (Tables)

Debt (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The carrying amounts of our long-term debt were as follows: March 31, December 31, (In thousands) Credit Agreement Amount outstanding $ 1,141,500 840,000 5% Senior Notes Principal 500,000 500,000 Unamortized premium and debt issuance costs (7,133) (6,951) 492,867 493,049 Total long-term debt $ 1,634,367 $ 1,333,049

Net Income Per Limited Partne_2

Net Income Per Limited Partner Unit (Tables)	3 Months Ended
	Mar. 31, 2022
Net Income per Limited Partner Unit [Abstract]
Schedule of Net Income per Limited Partner Unit	Net income per limited partner unit is computed as follows: Three Months Ended 2022 2021 (In thousands, except per unit data) Net income attributable to the partners 49,559 $ 64,397 Less: Participating securities’ share in earnings (111) (225) Net income attributable to common units 49,448 64,172 Weighted average limited partners' units outstanding 109,640 105,440 Limited partners' per unit interest in earnings - basic and diluted $ 0.45 $ 0.61

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2022
Segment Reporting [Abstract]
Schedule of Segment Reporting Information	Three Months Ended 2022 2021 (In thousands) Revenues: Pipelines and terminals - affiliate $ 73,851 $ 79,430 Pipelines and terminals - third-party 27,944 25,257 Refinery processing units - affiliate 18,403 22,496 Total segment revenues $ 120,198 $ 127,183 Segment operating income: Pipelines and terminals (1) $ 49,804 $ 41,484 Refinery processing units 5,582 8,235 Total segment operating income 55,386 49,719 Unallocated general and administrative expenses (4,312) (2,968) Interest expense (13,639) (13,240) Interest income 12,647 6,548 Equity in earnings of equity method investments 3,626 1,763 Gain on sales-type leases — 24,650 Gain (loss) on sale of assets and other 101 502 Income before income taxes $ 53,809 $ 66,974 Capital Expenditures: Pipelines and terminals $ 10,421 $ 33,218 Refinery processing units 3,726 — Total capital expenditures $ 14,147 $ 33,218 March 31, 2022 December 31, 2021 (In thousands) Identifiable assets: Pipelines and terminals (2) $ 2,158,800 $ 1,737,388 Refinery processing units 304,686 294,452 Other 313,790 134,027 Total identifiable assets $ 2,777,276 $ 2,165,867 (1) Pipelines and terminals segment operating income included goodwill impairment charges of $11.0 million for the three months ended March 31, 2021. (2) Included goodwill of $307.4 million as of March 31, 2022 and $223.7 million as of December 31, 2021.

Supplemental Guarantor _ Non-_2

Supplemental Guarantor / Non-Guarantor Financial Information (Tables)	3 Months Ended
	Mar. 31, 2022
Supplemental Guarantor / Non-Guarantor Financial Information [Abstract]
Schedule of Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet March 31, 2022 Parent Guarantor Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 4,969 $ (1,538) $ 11,585 $ — $ 15,016 Accounts receivable — 52,940 6,882 (295) 59,527 Prepaid and other current assets 499 10,281 1,241 (316) 11,705 Total current assets 5,468 61,683 19,708 (611) 86,248 Properties and equipment, net — 1,141,624 299,264 — 1,440,888 Operating lease right-of-use assets — 2,660 67 — 2,727 Net investment in leases — 543,623 100,797 (100,797) 543,623 Investment in subsidiaries 2,458,154 373,881 — (2,832,035) — Intangible assets, net — 69,806 — — 69,806 Goodwill — 307,387 — — 307,387 Equity method investments — 255,370 36,658 — 292,028 Deferred turnaround costs — 20,155 — 20,155 Other assets 7,534 6,880 — 14,414 Total assets $ 2,471,156 $ 2,783,069 $ 456,494 $ (2,933,443) $ 2,777,276 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ 34,664 $ 8,188 $ (295) $ 42,557 Accrued interest 5,736 — — — 5,736 Deferred revenue — 14,463 100 — 14,563 Accrued property taxes — 5,474 1,715 — 7,189 Current operating lease liabilities — 931 69 — 1,000 Current finance lease liabilities — 5,752 — (1,927) 3,825 Other current liabilities 268 1,848 396 — 2,512 Total current liabilities 6,004 63,132 10,468 (2,222) 77,382 Long-term debt 1,634,367 — — — 1,634,367 Noncurrent operating lease liabilities — 2,207 — — 2,207 Noncurrent finance lease liabilities — 154,207 — (90,442) 63,765 Other long-term liabilities 432 18,062 414 — 18,908 Deferred revenue — 29,802 — — 29,802 Class B unit — 57,505 — — 57,505 Equity - partners 830,353 2,458,154 373,881 (2,840,779) 821,609 Equity - noncontrolling interests — — 71,731 — 71,731 Total liabilities and equity $ 2,471,156 $ 2,783,069 $ 456,494 $ (2,933,443) $ 2,777,276 Condensed Consolidating Balance Sheet December 31, 2021 Parent Guarantor Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) ASSETS Current assets: Cash and cash equivalents $ 1,273 $ (899) $ 14,007 $ — $ 14,381 Accounts receivable — 60,418 8,816 (335) 68,899 Prepaid and other current assets 353 9,680 1,304 (304) 11,033 Total current assets 1,626 69,199 24,127 (639) 94,313 Properties and equipment, net — 1,026,912 302,116 — 1,329,028 Operating lease right-of-use assets — 2,189 86 — 2,275 Net investment in leases — 309,301 100,032 (100,030) 309,303 Investment in subsidiaries 1,785,024 301,721 — (2,086,745) — Intangible assets, net — 73,307 — — 73,307 Goodwill — 223,650 — — 223,650 Equity method investments — 78,873 37,505 — 116,378 Deferred turnaround costs — 2,632 2,632 Other assets 8,118 6,863 — — 14,981 Total assets $ 1,794,768 $ 2,094,647 $ 463,866 $ (2,187,414) $ 2,165,867 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ — $ 28,447 $ 12,168 $ (335) $ 40,280 Accrued interest 11,258 — — — 11,258 Deferred revenue — 14,085 500 — 14,585 Accrued property taxes — 3,364 1,178 — 4,542 Current operating lease liabilities — 545 75 — 620 Current finance lease liabilities — 5,566 — (1,780) 3,786 Other current liabilities 3 1,513 265 — 1,781 Total current liabilities 11,261 53,520 14,186 (2,115) 76,852 Long-term debt 1,333,049 — — — 1,333,049 Noncurrent operating lease liabilities — 2,030 — — 2,030 Noncurrent finance lease liabilities — 156,102 — (91,453) 64,649 Other long-term liabilities 340 11,760 427 — 12,527 Deferred revenue — 29,662 — — 29,662 Class B unit — 56,549 — — 56,549 Equity - partners 450,118 1,785,024 301,721 (2,093,846) 443,017 Equity - noncontrolling interests — — 147,532 — 147,532 Total liabilities and equity $ 1,794,768 $ 2,094,647 $ 463,866 $ (2,187,414) $ 2,165,867
Schedule of Condensed Consolidating Statement of Income	Condensed Consolidating Statement of Income Three Months Ended March 31, 2022 Parent Guarantor Restricted Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) Revenues: Affiliates $ — $ 85,709 $ 6,545 $ — $ 92,254 Third parties — 20,139 7,805 — 27,944 — 105,848 14,350 — 120,198 Operating costs and expenses: Operations (exclusive of depreciation and amortization) — 37,579 5,046 — 42,625 Depreciation and amortization — 17,962 4,225 — 22,187 General and administrative 1,088 3,224 — — 4,312 1,088 58,765 9,271 — 69,124 Operating income (loss) (1,088) 47,083 5,079 — 51,074 Other income (expense): Equity in earnings of subsidiaries 63,327 7,297 — (70,624) — Equity in earnings of equity method investments — 2,720 906 — 3,626 Interest expense (12,680) (5,086) — 4,127 (13,639) Interest income — 12,647 4,127 (4,127) 12,647 Gain on sale of assets and other — 101 — — 101 50,647 17,679 5,033 (70,624) 2,735 Income before income taxes 49,559 64,762 10,112 (70,624) 53,809 State income tax expense — (31) — — (31) Net income 49,559 64,731 10,112 (70,624) 53,778 Allocation of net income attributable to noncontrolling interests — (1,404) (2,815) — (4,219) Net income attributable to the partners $ 49,559 $ 63,327 $ 7,297 $ (70,624) $ 49,559 Condensed Consolidating Statement of Income Three Months Ended March 31, 2021 Parent Guarantor Non-Guarantor Non-Restricted Subsidiaries Eliminations Consolidated (In thousands) Revenues: Affiliates $ — $ 95,701 $ 6,225 $ — $ 101,926 Third parties — 19,051 6,206 — 25,257 — 114,752 12,431 — 127,183 Operating costs and expenses: Operations (exclusive of depreciation and amortization) — 37,799 3,566 — 41,365 Depreciation and amortization — 20,836 4,229 — 25,065 General and administrative 1,178 1,790 — — 2,968 Goodwill impairment — 11,034 — — 11,034 1,178 71,459 7,795 — 80,432 Operating income (loss) (1,178) 43,293 4,636 — 46,751 Other income (expense): Equity in earnings of subsidiaries 77,809 4,136 — (81,945) — Equity in earnings of equity method investments 618 1,145 — 1,763 Interest expense (12,234) (1,006) — — (13,240) Interest income 6,548 — — 6,548 Gain on sales-type lease — 24,650 — — 24,650 Gain on sale of assets and other — 501 1 — 502 65,575 35,447 1,146 (81,945) 20,223 Income before income taxes 64,397 78,740 5,782 (81,945) 66,974 State income tax expense — (37) — — (37) Net income 64,397 78,703 5,782 (81,945) 66,937 Allocation of net income attributable to noncontrolling interests — (893) (1,647) — (2,540) Net income attributable to the partners $ 64,397 $ 77,810 $ 4,135 $ (81,945) $ 64,397

Description of Business and P_3

Description of Business and Presentation of Financial Statements (Details) $ in Thousands, bbl in Millions	Mar. 14, 2022USD ($)terminalmisharesbbl	Jan. 01, 2021USD ($)renewalOption	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)
Other Ownership Interests [Line Items]
Lease term		10 years
Lease renewal period options | renewalOption		2
Lease renewal option period		5 years
Annual lease payment due		$ 5,000
Service fee arrangement period		5 years
Payment due for termination of commitment		$ 10,000
Number of reportable segments | segment			2
Goodwill impairment			$ 0	$ 11,034
Deferred revenue recognized			5,200	3,800
Deferred revenue recognized. billed prior period			$ 900	500
Minimum
Other Ownership Interests [Line Items]
Frequency of maintenance			4 years
Maximum
Other Ownership Interests [Line Items]
Frequency of maintenance			5 years
Cheyenne Pipeline LLC
Other Ownership Interests [Line Items]
Goodwill impairment				$ 11,000
Osage
Other Ownership Interests [Line Items]
Equity method investment, ownership percentage			50.00%
Cheyenne Pipeline LLC
Other Ownership Interests [Line Items]
Equity method investment, ownership percentage			50.00%
Cushing Connect Pipeline & Terminal LLC
Other Ownership Interests [Line Items]
Equity method investment, ownership percentage			50.00%
Saddle Butte Pipeline III, LLC
Other Ownership Interests [Line Items]
Equity method investment, ownership percentage			25.06%
Pioneer Investments Corp.
Other Ownership Interests [Line Items]
Equity method investment, ownership percentage			49.995%
UNEV Pipeline, LLC
Other Ownership Interests [Line Items]
Remaining ownership interest acquired	0.25
Sinclair Merger
Other Ownership Interests [Line Items]
Units issued in transaction (in shares) | shares	21,000,000
Value of shares issued in transaction	$ 349,020
Transaction cash considerations transferred	321,366
Aggregate consideration paid in transaction	$ 670,386
Size of pipeline | mi	1,200
Number of product terminals | terminal	8
Number of crude terminals | terminal	2
Terminal storage (in barrels) | bbl	4.5
Sinclair Merger | Sinclair HoldCo
Other Ownership Interests [Line Items]
Units issued in transaction (in shares) | shares	21,000,000
Percentage of pro forma equity representing shares issued in transaction	0.166
Value of shares issued in transaction	$ 349,000
Transaction cash considerations transferred	321,400
Aggregate consideration paid in transaction	$ 670,400
Shares held in escrow (in shares) | shares	5,290,000
HF Sinclair
Other Ownership Interests [Line Items]
Percentage of ownership in variable interest entity			47.00%
HF Sinclair | Sinclair Merger | Sinclair HoldCo
Other Ownership Interests [Line Items]
Units issued in transaction (in shares) | shares	60,230,036
Percentage of pro forma equity representing shares issued in transaction	0.270
Value of shares issued in transaction	$ 2,149,000

Sinclair Acquisition - Narrativ

Sinclair Acquisition - Narrative (Details) $ in Thousands, bbl in Millions	Mar. 14, 2022USD ($)terminalnominationmisharesbbl	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)
Business Acquisition [Line Items]
Goodwill		$ 307,387	$ 223,650
Saddle Butte Pipeline III, LLC
Business Acquisition [Line Items]
Equity method investment, ownership percentage		25.06%
Pioneer Investments Corp.
Business Acquisition [Line Items]
Equity method investment, ownership percentage		49.995%
UNEV Pipeline, LLC
Business Acquisition [Line Items]
Remaining ownership interest acquired	0.25
Sinclair HoldCo
Business Acquisition [Line Items]
Number of nominations to the Board of Directors | nomination	1
Sinclair Merger
Business Acquisition [Line Items]
Units issued in transaction (in shares) | shares	21,000,000
Value of shares issued in transaction	$ 349,020
Transaction cash considerations transferred	321,366
Aggregate consideration paid in transaction	$ 670,386
Size of pipeline | mi	1,200
Number of product terminals | terminal	8
Number of crude terminals | terminal	2
Barrels of crude oil, value | bbl	4.5
Goodwill	$ 83,737
Revenue from acquiree		$ 1,700
Interest income from sales-type leases from acquiree		2,800
Income from operations from acquiree		2,600
Incremental acquisition and integration costs		$ 800
Sinclair Merger | Sinclair HoldCo
Business Acquisition [Line Items]
Ownership threshold of units under agreement (in shares) | shares	10,500,000
Ownership percentage threshold under agreement (in shares)	0.05
Sinclair Merger | Sinclair HoldCo
Business Acquisition [Line Items]
Units issued in transaction (in shares) | shares	21,000,000
Percentage of pro forma equity representing shares issued in transaction	0.166
Value of shares issued in transaction	$ 349,000
Transaction cash considerations transferred	321,400
Aggregate consideration paid in transaction	$ 670,400
Units issued in transaction, restricted to lock-up period (in shares) | shares	15,750,000
Sinclair Merger | Sinclair HoldCo | HF Sinclair
Business Acquisition [Line Items]
Units issued in transaction (in shares) | shares	60,230,036
Percentage of pro forma equity representing shares issued in transaction	0.270
Value of shares issued in transaction	$ 2,149,000

Sinclair Acquisition - Schedule

Sinclair Acquisition - Schedule of Recognized Identified Assets Acquired and Liabilities Assumed (Details) - Sinclair Merger $ / shares in Units, $ in Thousands	Mar. 14, 2022USD ($)$ / sharesshares
Business Acquisition [Line Items]
Units issued in transaction (in shares) | shares	21,000,000
Closing price per unit (in USD per share) | $ / shares	$ 16.62
Purchase consideration paid in HEP common units	$ 349,020
Cash consideration paid by HEP	325,000
Estimated Adjusted Payments HEP	(3,634)
Total cash consideration	321,366
Total purchase consideration	$ 670,386

Sinclair Acquisition - Schedu_2

Sinclair Acquisition - Schedule of Preliminary Purchase Consideration (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Mar. 14, 2022	Dec. 31, 2021
Assets Acquired
Goodwill	$ 307,387		$ 223,650
Sinclair Merger
Assets Acquired
Accounts receivable		$ 687
Prepaid and other current assets		59
Properties and equipment		357,144
Operating lease right-of-use assets		105
Other assets		46
Goodwill		83,737
Equity method investments		238,484
Total assets acquired		680,262
Liabilities Assumed
Accounts payable		2,376
Accrued property taxes		973
Other current liabilities		454
Operating lease liabilities		33
Noncurrent operating lease liabilities		72
Other long-term liabilities		5,968
Total liabilities assumed		9,876
Net assets acquired		$ 670,386

Sinclair Acquisition - Schedu_3

Sinclair Acquisition - Schedule of Pro Forma Information (Details) - Sinclair Merger - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Business Acquisition [Line Items]
Sales and other revenues	$ 134,960	$ 143,190
Net income (loss) attributable to HEP stockholders	$ 50,782	$ 70,425

Investment in Joint Venture (De

Investment in Joint Venture (Details) - Cushing Connect Joint Venture bbl in Thousands, $ in Millions	Oct. 02, 2019bbl	Mar. 31, 2022USD ($)
Schedule of Equity Method Investments [Line Items]
Pipeline volume (in barrels per day) | bbl	160
Terminal storage (in barrels) | bbl	1,500
Percent of budget which construction costs are payable by HEP		10.00%
Minimum
Schedule of Equity Method Investments [Line Items]
Payment to acquire joint venture		$ 70
Expected construction costs, exceeding budget by more than 10%		4
Maximum
Schedule of Equity Method Investments [Line Items]
Payment to acquire joint venture		75
Expected construction costs, exceeding budget by more than 10%		$ 6

Revenues - Schedule of Disaggre

Revenues - Schedule of Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Disaggregation of Revenue [Line Items]
Disaggregated Revenue	$ 120,198	$ 127,183
Pipelines
Disaggregation of Revenue [Line Items]
Disaggregated Revenue	64,780	66,505
Terminals, tanks and loading racks
Disaggregation of Revenue [Line Items]
Disaggregated Revenue	37,015	38,182
Refinery processing units
Disaggregation of Revenue [Line Items]
Disaggregated Revenue	$ 18,403	$ 22,496

Revenues - Schedule of Affiliat

Revenues - Schedule of Affiliate and Third Party Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from External Customer [Line Items]
Lease revenues	$ 72,914	$ 87,944
Revenues:	120,198	127,183
Service revenues
Revenue from External Customer [Line Items]
Revenues:	$ 47,284	$ 39,239

Revenues - Schedule of Contract

Revenues - Schedule of Contract Asset and Liability Balances (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract assets	$ 6,682	$ 6,637
Contract liabilities	$ (3,431)	$ (4,185)

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Deferred revenue recognized. billed prior period	$ 900	$ 500
Revenue included in contract assets	45	$ 100
Performance obligation revenue	$ 1,655,000

Revenues - Schedule of Future P

Revenues - Schedule of Future Performance Obligations (Details) $ in Millions	Mar. 31, 2022USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 1,655
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 256
Satisfaction period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 290
Satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 248
Satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 178
Satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 163
Satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 132
Satisfaction period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Unfulfilled performance obligation revenue	$ 388
Satisfaction period	1 year

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	Mar. 31, 2022USD ($)renewalOption	Dec. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Finance lease term	10 years
Cost of asset under finance leases	$ 6,172	$ 6,031
Accumulated depreciation of assets under finance leases	$ 3,823	$ 3,632
Number of renewal options | renewalOption	1
Finance lease extension option term	10 years
Minimum
Lessee, Lease, Description [Line Items]
Operating lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Operating lease term	23 years
Operating lease renewal term	10 years
Vehicles | Minimum
Lessee, Lease, Description [Line Items]
Finance lease term	33 months
Vehicles | Maximum
Lessee, Lease, Description [Line Items]
Finance lease term	48 months

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating leases:
Operating lease right-of-use assets, net	$ 2,727	$ 2,275
Current operating lease liabilities	1,000	620
Noncurrent operating lease liabilities	2,207	2,030
Total operating lease liabilities	3,207	2,650
Finance leases:
Properties and equipment	6,172	6,031
Accumulated amortization	(3,823)	(3,632)
Properties and equipment, net	$ 2,349	$ 2,399
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Properties and equipment, net	Properties and equipment, net
Current finance lease liabilities	$ 3,825	$ 3,786
Noncurrent finance lease liabilities	63,765	64,649
Total finance lease liabilities	$ 67,590	$ 68,435
Weighted average remaining lease term (in years):
Operating leases	5 years 8 months 12 days	5 years 9 months 18 days
Finance leases	14 years 9 months 18 days	15 years
Weighted average discount rate:
Operating leases	4.80%	4.80%
Finance leases	5.60%	5.60%

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows on operating leases	$ 276	$ 312
Operating cash flows on finance leases	981	1,058
Financing cash flows on finance leases	$ 881	$ 958

Leases - Operating and Finance

Leases - Operating and Finance Lease Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating
2022	$ 783
2023	935
2024	524
2025	443
2026	289
2027 and thereafter	501
Total lease payments	3,475
Less: Imputed interest	(268)
Total operating lease liabilities	3,207	$ 2,650
Less: Current lease liabilities	(1,000)	(620)
Noncurrent operating lease liabilities	2,207	2,030
Finance
2022	5,499
2023	7,383
2024	6,938
2025	6,479
2026	6,432
2027 and thereafter	67,463
Total lease payments	100,194
Less: Imputed interest	(32,604)
Total finance lease liabilities	67,590	68,435
Less: Current lease liabilities	(3,825)	(3,786)
Noncurrent lease liabilities	$ 63,765	$ 64,649

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease costs	$ 262	$ 298
Amortization of assets	192	212
Interest on lease liabilities	959	1,006
Variable lease cost	37	66
Total net lease cost	$ 1,450	$ 1,582

Leases - Gain on Sales-Type Lea

Leases - Gain on Sales-Type Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Net investment in leases	$ 235,620	$ 41,246
Properties and equipment, net	(235,620)	(23,155)
Deferred revenue		6,559
Gain on sales-type leases	$ 0	$ 24,650

Leases - Schedule of Lease Inco

Leases - Schedule of Lease Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Leases [Abstract]
Operating lease revenues	$ 69,975	$ 85,892
Direct financing lease interest income	520	524
Gain on sales-type leases	0	24,650
Sales-type lease interest income	12,123	6,025
Lease revenues relating to variable lease payments not included in measurement of the sales-type lease receivable	$ 2,939	$ 2,052

Leases - Schedule of Minimum Un

Leases - Schedule of Minimum Undiscounted Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Operating
Remainder of 2022	$ 214,431
2023	261,938
2024	224,373
2025	159,983
2026	145,748
2027 and thereafter	449,793
Total lease receipt payments	1,456,266
Finance
Finance and Sales-type
Remainder of 2022	1,627
2023	2,175
2024	2,192
2025	2,209
2026	2,227
2027 and thereafter	36,610
Total lease receipt payments	47,040
Less: Imputed interest	(30,693)
Lease receivables	16,347
Unguaranteed residual assets at end of leases	0
Net investment in leases	16,347	$ 16,371
Sales-type
Finance and Sales-type
Remainder of 2022	75,223
2023	96,383
2024	93,154
2025	89,727
2026	89,727
2027 and thereafter	841,406
Total lease receipt payments	1,285,620
Less: Imputed interest	(1,155,318)
Lease receivables	130,302
Unguaranteed residual assets at end of leases	402,750
Net investment in leases	$ 533,052	$ 297,865

Leases - Net Investments in Lea

Leases - Net Investments in Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Sales-type Leases
Lessor, Lease, Description [Line Items]
Lease receivable	$ 430,779	$ 207,768
Unguaranteed residual assets	102,273	90,097
Net investment in leases	533,052	297,865
Direct Financing Leases
Lessor, Lease, Description [Line Items]
Lease receivable	16,347	16,371
Unguaranteed residual assets	0	0
Net investment in leases	$ 16,347	$ 16,371

Fair Value Measurements (Detail

Fair Value Measurements (Details) - 5% Senior Notes - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Stated interest rate, senior notes	5.00%
Carrying Value | Level 2
Debt Instrument [Line Items]
Senior notes	$ 492,867	$ 493,049
Fair Value | Level 2
Debt Instrument [Line Items]
Senior notes	$ 474,605	$ 502,705

Properties and Equipment (Detai

Properties and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Properties and equipment	$ 2,179,149		$ 2,050,065
Less accumulated depreciation	(738,261)		(721,037)
Properties and equipment, net	1,440,888		1,329,028
Depreciation expense	18,500	$ 21,400
Pipelines, terminals and tankage
Property, Plant and Equipment [Line Items]
Properties and equipment	1,608,197		1,527,697
Refinery assets
Property, Plant and Equipment [Line Items]
Properties and equipment	348,882		348,882
Land and right of way
Property, Plant and Equipment [Line Items]
Properties and equipment	124,150		98,837
Construction in progress
Property, Plant and Equipment [Line Items]
Properties and equipment	35,111		26,446
Other
Property, Plant and Equipment [Line Items]
Properties and equipment	$ 62,809		$ 48,203

Intangible Assets (Details)

Intangible Assets (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	$ 204,797,000		$ 204,797,000
Less accumulated amortization	(134,991,000)		(131,490,000)
Intangible assets, net	69,806,000		73,307,000
Amortization expense	3,500,000	$ 3,500,000
Estimated amortization expense for 2023	9,900,000
Estimated amortization expense for 2024	9,100,000
Estimated amortization expense for 2025	9,100,000
Estimated amortization expense for 2026	9,100,000
Estimated amortization expense for 2027	9,100,000
Basis in transportation agreements	$ 0
Delek transportation agreement
Finite-Lived Intangible Assets, Net [Abstract]
Useful Life	30 years
Intangible assets, gross	$ 59,933,000		59,933,000
HF Sinclair transportation agreement
Finite-Lived Intangible Assets, Net [Abstract]
Intangible assets, gross	$ 75,131,000		75,131,000
Customer relationships
Finite-Lived Intangible Assets, Net [Abstract]
Useful Life	10 years
Intangible assets, gross	$ 69,683,000		69,683,000
Other
Finite-Lived Intangible Assets, Net [Abstract]
Useful Life	20 years
Intangible assets, gross	$ 50,000		$ 50,000
Minimum | HF Sinclair transportation agreement
Finite-Lived Intangible Assets, Net [Abstract]
Useful Life	10 years
Maximum | HF Sinclair transportation agreement
Finite-Lived Intangible Assets, Net [Abstract]
Useful Life	15 years

Employees, Retirement and Inc_3

Employees, Retirement and Incentive Plans - Retirement and Benefit Plan Costs (Details) $ in Millions	3 Months Ended
	Mar. 31, 2022USD ($)componentplanshares	Mar. 31, 2021USD ($)
Share-based Compensation Arrangements
Retirement and benefit costs | $	$ 2.4	$ 2.2
Number of long-term incentive plan components | component	5
Number of incentive-based award plans | plan	2
Compensation costs | $	$ 0.6	$ 0.7
Long-term Incentive Plan
Share-based Compensation Arrangements
Units authorized to be granted (in shares) | shares	2,500,000
Units not yet granted (in shares) | shares	814,440

Employees, Retirement and Inc_4

Employees, Retirement and Incentive Plans - Phantom Units (Details) - Phantom Units - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Units outstanding at beginning of period (in shares)	203,263
Vesting and transfer of full ownership to recipients (in shares)	(2,558)	0
Forfeited (in shares)	(13,085)
Units outstanding at end of period (in shares)	187,620
Weighted Average Grant-Date Fair Value
Weighted-average grant-date fair value of units outstanding at beginning of period (in USD per share)	$ 14.85
Weighted-average grant-date fair value of units vesting and transfer of full ownership to recipients (in USD per share)	15.11
Weighted-average grant-date fair value of units forfeited (in USD per share)	14.28
Weighted-average grant-date fair value of units outstanding at end of period (in USD per share)	$ 14.89
Grant date fair value of vested units transferred to recipients	$ 39
Unrecognized compensation related to nonvested units	$ 1,300
Weighted average recognition period	1 year 2 months 12 days
Minimum
Weighted Average Grant-Date Fair Value
Award vesting period	1 year
Maximum
Weighted Average Grant-Date Fair Value
Award vesting period	3 years

Employees, Retirement and Inc_5

Employees, Retirement and Incentive Plans - Performance Units (Details) - Performance Shares - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based Compensation Arrangement, Nonvested [Roll Forward]
Units outstanding at beginning of period (in shares)	76,719
Vesting and transfer of full ownership to recipients (in shares)	(24,809)
Forfeited (in shares)	(9,124)
Units outstanding at end of period (in shares)	42,786
Grant date fair value of vested units transferred to recipients	$ 0.6	$ 0.4
Value of performance units vested and expected to vest	0.7
Unrecognized compensation related to nonvested units	$ 0.4
Weighted average recognition period	1 year 8 months 12 days
Long-term Incentive Plan
Share-based Compensation Arrangements
Performance period	3 years
Range of performance units earned, minimum	0.00%
Range of performance units earned, maximum	200.00%

Debt - Credit Agreement (Detail

Debt - Credit Agreement (Details) - USD ($)	Apr. 30, 2021	Mar. 31, 2021
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit agreement	$ 1,200,000,000	$ 1,400,000,000
Line of credit maximum accordion feature	1,700,000,000
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity under revolving credit agreement	$ 50,000,000

Debt - Senior Notes (Details)

Debt - Senior Notes (Details) - USD ($)	Apr. 08, 2022	Mar. 31, 2022	Feb. 04, 2020
6.375% Senior Notes Due 2027 | Subsequent Event
Debt Instrument [Line Items]
Aggregate principal amount of senior note	$ 400,000,000
Stated interest rate, senior notes	6.375%
Proceeds from issuance of debt	$ 393,000,000
5% Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount of senior note			$ 500,000,000
Stated interest rate, senior notes		5.00%

Debt - Long-Term Debt (Details)

Debt - Long-Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Amount outstanding	$ 1,141,500	$ 840,000
Total long-term debt	1,634,367	1,333,049
5% Senior Notes
Debt Instrument [Line Items]
Principal	500,000	500,000
Unamortized premium and debt issuance costs	(7,133)	(6,951)
Senior Notes	$ 492,867	$ 493,049
Stated interest rate, senior notes	5.00%

Related Party Transactions (Det

Related Party Transactions (Details)	Jan. 01, 2021USD ($)renewalOption	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Related Party Transaction [Line Items]
Revenues:		$ 120,198,000	$ 127,183,000
Accounts receivables due		44,336,000		$ 56,154,000
Accounts payable due		10,708,000		11,703,000
Lease income		500,000	500,000
Gain on sales-type leases		0	24,650,000
Sales-type lease payments received		12,600,000	6,200,000
Lease term	10 years
Lease renewal period options | renewalOption	2
Lease renewal option period	5 years
Annual lease payment due	$ 5,000,000
Service fee arrangement period	5 years
Payment due for termination of commitment	$ 10,000,000
HF Sinclair
Related Party Transaction [Line Items]
Minimum annualized payments received		424,300,000
Revenues:		(92,300,000)	101,900,000
Reimbursements for expense and capital projects		3,100,000	3,100,000
Distributions on common units		20,900,000	20,900,000
Accounts receivables due		44,300,000		56,200,000
Accounts payable due		10,700,000		11,700,000
Deferred revenue		$ 3,300,000		$ 4,100,000
HF Sinclair | Revenue Benchmark | Revenue from Rights Concentration Risk
Related Party Transaction [Line Items]
Percentage of total revenue		77.00%
Annual Administrative Fee | HF Sinclair
Related Party Transaction [Line Items]
Administrative fee		$ 5,000,000
Monthly Transition Services Fee | HF Sinclair
Related Party Transaction [Line Items]
Administrative fee		62,500
General And Administrative Service s | HF Sinclair
Related Party Transaction [Line Items]
Administrative fee		800,000	700,000
Prorated Temporary Administrative Fee | HF Sinclair
Related Party Transaction [Line Items]
Administrative fee		36,000
Reimbursements Paid | HF Sinclair
Related Party Transaction [Line Items]
Expense of employees supporting operations		$ 16,100,000	$ 14,400,000

Partners' Equity Income Allocat

Partners' Equity Income Allocations and Cash Distributions (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 21, 2022	Mar. 31, 2022	Mar. 31, 2021
Class of Stock [Line Items]
Partners' capital units held by controlling interest (in shares)		59,630,030
Ownership percentage, controlling interest		47.00%
Value of common units available to issue and sell under offering program		$ 200
Units issued under offering program (in shares)		2,413,153
Proceeds from common unit issuance program		$ 82.3
Cash distributions		$ 44.3	$ 37
Subsequent Event
Class of Stock [Line Items]
Cash distribution declared (in USD per share)	$ 0.35

Net Income Per Limited Partne_3

Net Income Per Limited Partner Unit (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net Income per Limited Partner Unit [Abstract]
Net income attributable to the partners	$ 49,559	$ 64,397
Less: Participating securities’ share in earnings	(111)	(225)
Net income attributable to common units	$ 49,448	$ 64,172
Weighted average limited partners’ units outstanding, basic (in shares)	109,640	105,440
Weighted average limited partners’ units outstanding, diluted (in shares)	109,640	105,440
Limited partners’ per unit interest in earnings— basic (in USD per share)	$ 0.45	$ 0.61
Limited partners’ per unit interest in earnings— diluted (in USD per share)	$ 0.45	$ 0.61

Environmental (Details)

Environmental (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 14, 2022	Dec. 31, 2021
Loss Contingencies [Line Items]
Environmental remediation expense	$ 100	$ 33
Accrued environmental liabilities	8,700			$ 3,900
Sinclair Merger
Loss Contingencies [Line Items]
Accrued environmental liabilities assumed in transaction			$ 5,000
Other Noncurrent Liabilities
Loss Contingencies [Line Items]
Accrued environmental liabilities	7,000			$ 2,400
Affiliates
Loss Contingencies [Line Items]
Accrued environmental liabilities	$ 300

Segments Information (Details)

Segments Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	2
Revenues:	$ 120,198	$ 127,183
Operating income	51,074	46,751
Unallocated general and administrative expenses	(4,312)	(2,968)
Interest expense	(13,639)	(13,240)
Interest income	12,647	6,548
Equity in earnings of equity method investments	3,626	1,763
Gain on sales-type leases	0	24,650
Gain (loss) on sale of assets and other	101	502
Income before income taxes	53,809	66,974
Capital Expenditures:	14,147	33,218
Identifiable assets:	2,777,276		$ 2,165,867
Goodwill impairment	0	11,034
Goodwill	307,387		223,650
Affiliates
Segment Reporting Information [Line Items]
Revenues:	92,254	101,926
Third parties
Segment Reporting Information [Line Items]
Revenues:	27,944	25,257
Pipelines and terminals
Segment Reporting Information [Line Items]
Capital Expenditures:	10,421	33,218
Refinery processing units
Segment Reporting Information [Line Items]
Revenues:	18,403	22,496
Capital Expenditures:	3,726	0
Operating Segments
Segment Reporting Information [Line Items]
Revenues:	120,198	127,183
Operating income	55,386	49,719
Operating Segments | Pipelines and terminals
Segment Reporting Information [Line Items]
Operating income	49,804	41,484
Identifiable assets:	2,158,800		1,737,388
Operating Segments | Pipelines and terminals | Affiliates
Segment Reporting Information [Line Items]
Revenues:	73,851	79,430
Operating Segments | Pipelines and terminals | Third parties
Segment Reporting Information [Line Items]
Revenues:	27,944	25,257
Operating Segments | Refinery processing units
Segment Reporting Information [Line Items]
Revenues:	18,403	22,496
Operating income	5,582	$ 8,235
Identifiable assets:	304,686		294,452
Other
Segment Reporting Information [Line Items]
Identifiable assets:	$ 313,790		$ 134,027

Supplemental Guarantor _ Non-_3

Supplemental Guarantor / Non-Guarantor Financial Information - Condensed Consolidating Balance Sheet (Details) - USD ($) $ in Thousands	Apr. 08, 2022	Mar. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents		$ 15,016	$ 14,381
Accounts receivable		59,527	68,899
Prepaid and other current assets		11,705	11,033
Total current assets		86,248	94,313
Properties and equipment, net		1,440,888	1,329,028
Operating lease right-of-use assets, net		2,727	2,275
Net investment in leases (Cushing Connect VIEs: $100,797 and $100,042, respectively)		543,623	309,303
Investment in subsidiaries		0	0
Intangible assets, net		69,806	73,307
Goodwill		307,387	223,650
Equity method investments		292,028	116,378
Deferred turnaround costs		20,155	2,632
Other assets		14,414	14,981
Total assets		2,777,276	2,165,867
Current liabilities:
Accounts payable		42,557	40,280
Accrued interest		5,736	11,258
Deferred revenue		14,563	14,585
Accrued property taxes		7,189	4,542
Current operating lease liabilities		1,000	620
Current finance lease liabilities		3,825	3,786
Other current liabilities		2,512	1,781
Total current liabilities		77,382	76,852
Long-term debt		1,634,367	1,333,049
Noncurrent operating lease liabilities		2,207	2,030
Noncurrent finance lease liabilities		63,765	64,649
Other long-term liabilities		18,908	12,527
Deferred revenue		29,802	29,662
Class B unit		57,505	56,549
Equity - partners		821,609	443,017
Equity - noncontrolling interests		71,731	147,532
Total liabilities and equity		2,777,276	2,165,867
Eliminations
Current assets:
Cash and cash equivalents		0	0
Accounts receivable		(295)	(335)
Prepaid and other current assets		(316)	(304)
Total current assets		(611)	(639)
Properties and equipment, net		0	0
Operating lease right-of-use assets, net		0	0
Net investment in leases (Cushing Connect VIEs: $100,797 and $100,042, respectively)		(100,797)	(100,030)
Investment in subsidiaries		(2,832,035)	(2,086,745)
Intangible assets, net		0	0
Goodwill		0	0
Equity method investments		0	0
Deferred turnaround costs		0
Other assets		0	0
Total assets		(2,933,443)	(2,187,414)
Current liabilities:
Accounts payable		(295)	(335)
Accrued interest		0	0
Deferred revenue		0	0
Accrued property taxes		0	0
Current operating lease liabilities		0	0
Current finance lease liabilities		(1,927)	(1,780)
Other current liabilities		0	0
Total current liabilities		(2,222)	(2,115)
Long-term debt		0	0
Noncurrent operating lease liabilities		0	0
Noncurrent finance lease liabilities		(90,442)	(91,453)
Other long-term liabilities		0	0
Deferred revenue		0	0
Class B unit		0	0
Equity - partners		(2,840,779)	(2,093,846)
Equity - noncontrolling interests		0	0
Total liabilities and equity		(2,933,443)	(2,187,414)
Parent | Reportable Legal Entities
Current assets:
Cash and cash equivalents		4,969	1,273
Accounts receivable		0	0
Prepaid and other current assets		499	353
Total current assets		5,468	1,626
Properties and equipment, net		0	0
Operating lease right-of-use assets, net		0	0
Net investment in leases (Cushing Connect VIEs: $100,797 and $100,042, respectively)		0	0
Investment in subsidiaries		2,458,154	1,785,024
Intangible assets, net		0	0
Goodwill		0	0
Equity method investments		0	0
Deferred turnaround costs		0	0
Other assets		7,534	8,118
Total assets		2,471,156	1,794,768
Current liabilities:
Accounts payable		0	0
Accrued interest		5,736	11,258
Deferred revenue		0	0
Accrued property taxes		0	0
Current operating lease liabilities		0	0
Current finance lease liabilities		0	0
Other current liabilities		268	3
Total current liabilities		6,004	11,261
Long-term debt		1,634,367	1,333,049
Noncurrent operating lease liabilities		0	0
Noncurrent finance lease liabilities		0	0
Other long-term liabilities		432	340
Deferred revenue		0	0
Class B unit		0	0
Equity - partners		830,353	450,118
Equity - noncontrolling interests		0	0
Total liabilities and equity		2,471,156	1,794,768
Guarantor Restricted Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents		(1,538)	(899)
Accounts receivable		52,940	60,418
Prepaid and other current assets		10,281	9,680
Total current assets		61,683	69,199
Properties and equipment, net		1,141,624	1,026,912
Operating lease right-of-use assets, net		2,660	2,189
Net investment in leases (Cushing Connect VIEs: $100,797 and $100,042, respectively)		543,623	309,301
Investment in subsidiaries		373,881	301,721
Intangible assets, net		69,806	73,307
Goodwill		307,387	223,650
Equity method investments		255,370	78,873
Deferred turnaround costs		20,155	2,632
Other assets		6,880	6,863
Total assets		2,783,069	2,094,647
Current liabilities:
Accounts payable		34,664	28,447
Accrued interest		0	0
Deferred revenue		14,463	14,085
Accrued property taxes		5,474	3,364
Current operating lease liabilities		931	545
Current finance lease liabilities		5,752	5,566
Other current liabilities		1,848	1,513
Total current liabilities		63,132	53,520
Long-term debt		0	0
Noncurrent operating lease liabilities		2,207	2,030
Noncurrent finance lease liabilities		154,207	156,102
Other long-term liabilities		18,062	11,760
Deferred revenue		29,802	29,662
Class B unit		57,505	56,549
Equity - partners		2,458,154	1,785,024
Equity - noncontrolling interests		0	0
Total liabilities and equity		2,783,069	2,094,647
Non-Guarantor Non-Restricted Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents		11,585	14,007
Accounts receivable		6,882	8,816
Prepaid and other current assets		1,241	1,304
Total current assets		19,708	24,127
Properties and equipment, net		299,264	302,116
Operating lease right-of-use assets, net		67	86
Net investment in leases (Cushing Connect VIEs: $100,797 and $100,042, respectively)		100,797	100,032
Investment in subsidiaries		0	0
Intangible assets, net		0	0
Goodwill		0	0
Equity method investments		36,658	37,505
Deferred turnaround costs
Other assets			0
Total assets		456,494	463,866
Current liabilities:
Accounts payable		8,188	12,168
Accrued interest		0	0
Deferred revenue		100	500
Accrued property taxes		1,715	1,178
Current operating lease liabilities		69	75
Current finance lease liabilities		0	0
Other current liabilities		396	265
Total current liabilities		10,468	14,186
Long-term debt		0	0
Noncurrent operating lease liabilities		0	0
Noncurrent finance lease liabilities		0	0
Other long-term liabilities		414	427
Deferred revenue		0	0
Class B unit		0	0
Equity - partners		373,881	301,721
Equity - noncontrolling interests		71,731	147,532
Total liabilities and equity		$ 456,494	$ 463,866
5% Senior Notes
Condensed Financial Statements, Captions [Line Items]
Stated interest rate, senior notes		5.00%
6.375% Senior Notes Due 2027 | Subsequent Event
Condensed Financial Statements, Captions [Line Items]
Stated interest rate, senior notes	6.375%

Supplemental Guarantor _ Non-_4

Supplemental Guarantor / Non-Guarantor Financial Information - Condensed Consolidating Statement Of Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues:
Revenues:	$ 120,198	$ 127,183
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	42,625	41,365
Depreciation and amortization	22,187	25,065
General and administrative	4,312	2,968
Goodwill impairment	0	11,034
Total operating costs and expenses	69,124	80,432
Operating income	51,074	46,751
Equity in earnings of subsidiaries	0	0
Equity in earnings of equity method investments	3,626	1,763
Interest expense	(13,639)	(13,240)
Interest income	12,647	6,548
Gain on sales-type leases	0	24,650
Gain on sale of assets and other	101	502
Total other income (expense)	2,735	20,223
Income before income taxes	53,809	66,974
State income tax expense	(31)	(37)
Net income	53,778	66,937
Allocation of net income attributable to noncontrolling interests	(4,219)	(2,540)
Net income attributable to the partners	49,559	64,397
Reportable Legal Entities | Parent
Revenues:
Revenues:	0	0
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	0	0
Depreciation and amortization	0	0
General and administrative	1,088	1,178
Goodwill impairment		0
Total operating costs and expenses	1,088	1,178
Operating income	(1,088)	(1,178)
Equity in earnings of subsidiaries	63,327	77,809
Equity in earnings of equity method investments	0
Interest expense	(12,680)	(12,234)
Interest income	0
Gain on sales-type leases		0
Gain on sale of assets and other	0	0
Total other income (expense)	50,647	65,575
Income before income taxes	49,559	64,397
State income tax expense	0	0
Net income	49,559	64,397
Allocation of net income attributable to noncontrolling interests	0	0
Net income attributable to the partners	49,559	64,397
Reportable Legal Entities | Guarantor Restricted Subsidiaries
Revenues:
Revenues:	105,848	114,752
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	37,579	37,799
Depreciation and amortization	17,962	20,836
General and administrative	3,224	1,790
Goodwill impairment		11,034
Total operating costs and expenses	58,765	71,459
Operating income	47,083	43,293
Equity in earnings of subsidiaries	7,297	4,136
Equity in earnings of equity method investments	2,720	618
Interest expense	(5,086)	(1,006)
Interest income	12,647	6,548
Gain on sales-type leases		24,650
Gain on sale of assets and other	101	501
Total other income (expense)	17,679	35,447
Income before income taxes	64,762	78,740
State income tax expense	(31)	(37)
Net income	64,731	78,703
Allocation of net income attributable to noncontrolling interests	(1,404)	(893)
Net income attributable to the partners	63,327	77,810
Reportable Legal Entities | Non-Guarantor Non-Restricted Subsidiaries
Revenues:
Revenues:	14,350	12,431
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	5,046	3,566
Depreciation and amortization	4,225	4,229
General and administrative	0	0
Goodwill impairment		0
Total operating costs and expenses	9,271	7,795
Operating income	5,079	4,636
Equity in earnings of subsidiaries	0	0
Equity in earnings of equity method investments	906	1,145
Interest expense	0	0
Interest income	4,127	0
Gain on sales-type leases		0
Gain on sale of assets and other	0	1
Total other income (expense)	5,033	1,146
Income before income taxes	10,112	5,782
State income tax expense	0	0
Net income	10,112	5,782
Allocation of net income attributable to noncontrolling interests	(2,815)	(1,647)
Net income attributable to the partners	7,297	4,135
Eliminations
Revenues:
Revenues:	0	0
Operating costs and expenses:
Operations (exclusive of depreciation and amortization)	0	0
Depreciation and amortization	0	0
General and administrative	0	0
Goodwill impairment		0
Total operating costs and expenses	0	0
Operating income	0	0
Equity in earnings of subsidiaries	(70,624)	(81,945)
Equity in earnings of equity method investments	0	0
Interest expense	4,127	0
Interest income	(4,127)	0
Gain on sales-type leases		0
Gain on sale of assets and other	0	0
Total other income (expense)	(70,624)	(81,945)
Income before income taxes	(70,624)	(81,945)
State income tax expense	0	0
Net income	(70,624)	(81,945)
Allocation of net income attributable to noncontrolling interests	0	0
Net income attributable to the partners	(70,624)	(81,945)
Affiliates
Revenues:
Revenues:	92,254	101,926
Affiliates | Reportable Legal Entities | Parent
Revenues:
Revenues:	0	0
Affiliates | Reportable Legal Entities | Guarantor Restricted Subsidiaries
Revenues:
Revenues:	85,709	95,701
Affiliates | Reportable Legal Entities | Non-Guarantor Non-Restricted Subsidiaries
Revenues:
Revenues:	6,545	6,225
Affiliates | Eliminations
Revenues:
Revenues:	0	0
Third parties
Revenues:
Revenues:	27,944	25,257
Third parties | Reportable Legal Entities | Parent
Revenues:
Revenues:	0	0
Third parties | Reportable Legal Entities | Guarantor Restricted Subsidiaries
Revenues:
Revenues:	20,139	19,051
Third parties | Reportable Legal Entities | Non-Guarantor Non-Restricted Subsidiaries
Revenues:
Revenues:	7,805	6,206
Third parties | Eliminations
Revenues:
Revenues:	$ 0	$ 0