HollyFrontier 2015 Annual Report Download - page 16

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Table of Content
8
Principal Products and Customers
Set forth below is information regarding our principal products.
Years Ended December 31,
2015 2014 2013
Consolidated
Sales of produced refined products:
Gasolines 52% 50% 50%
Diesel fuels 35% 34% 33%
Jet fuels 4% 4% 5%
Fuel oil 1% 2% 2%
Asphalt 2% 3% 3%
Lubricants 3% 2% 2%
LPG and other 3% 5% 5%
Total 100% 100% 100%
Light products are shipped to customers via product pipelines or are available for loading at our refinery truck facilities and
terminals. Light products are also made available to customers at various other locations via exchange with other parties.
Our principal customers for gasoline include other refiners, convenience store chains, independent marketers and retailers. Diesel
fuel is sold to other refiners, truck stop chains, wholesalers and railroads. Jet fuel is sold for commercial airline use. Specialty
lubricant products are sold in both commercial and specialty markets. LPG's are sold to LPG wholesalers and LPG retailers. We
produce and purchase asphalt products that are sold to governmental entities, paving contractors or manufacturers. Asphalt is also
blended into fuel oil and is either sold locally or is shipped to the Gulf Coast. See Note 21 “Significant Customers” in the Notes
to Consolidated Financial Statements for additional information on our significant customers.
Mid-Continent Region (El Dorado and Tulsa Refineries)
Facilities
The El Dorado Refinery is a high-complexity coking refinery with a 135,000 barrels per stream day processing capacity and the
ability to process significant volumes of heavy and sour crudes. The integrated refining processes at the Tulsa West and East
refinery facilities provide us with a highly complex refining operation having a combined crude processing rate of approximately
125,000 barrels per stream day. For 2015, gasoline, diesel fuel, jet fuel and specialty lubricants (excluding volumes purchased for
resale) represented 50%, 33%, 7% and 4%, respectively, of our Mid-Continent sales volumes.
The following table sets forth information about our Mid-Continent region operations, including non-GAAP performance measures.
Years Ended December 31,
2015 2014 2013
Mid-Continent Region (El Dorado and Tulsa Refineries)
Crude charge (BPD) (1) 263,340 243,240 234,930
Refinery throughput (BPD) (2) 277,260 255,020 257,030
Refinery production (BPD) (3) 266,170 249,350 251,470
Sales of produced refined products (BPD) 258,420 245,600 247,030
Sales of refined products (BPD) (4) 295,470 273,630 269,790
Refinery utilization (5) 101.3% 93.6% 90.4%
Average per produced barrel (6)
Net sales $ 72.33 $ 110.79 $ 115.63
Cost of products (7) 56.88 98.39 99.35
Refinery gross margin (8) 15.45 12.40 16.28
Refinery operating expenses (9) 4.95 5.73 5.50
Net operating margin (8) $ 10.50 $ 6.67 $ 10.78
Refinery operating expenses per throughput barrel (10) $ 4.61 $ 5.52 $ 5.29