We are seeing and as I mentioned before, 99% yield in our Cheyenne facility. Our interval and duration, as we’ve learned how to operate these units is improving with each learning in each time we have an opportunity to employ some new operational improvements. So we’re anticipating that those will continue to lengthen.
Paul Cheng: So another is that, what is the current expectation or the cleared between you have to change the catalyst?
Valerie Pompa: Generally, we’re not going to disclose kind of the exact numbers, but I can say directionally, we’re seeing improvement.
Paul Cheng: Okay. So this sound like unless that you have fun or they made some pretty significant investment, we shouldn’t assume other operation from a hydrogen availability standpoint next year, could be doing much better than 75% to 80%?
Steve Ledbetter: I think that’s what we’re — that’s our target, Paul, to get to by the end of this year. I think next year, of course, we’re going to be — have implemented some additional improvement steps. And it’s too early to give you any type of guidance or targets for next year. But I think what we’re saying is by the end of this year, we should be at that one.
Paul Cheng: Okay. Tim, one of your competitors that have actually been improved capture and profitability due to substantial ramp of the commercial operation wondering that when you’re looking at DINO, do you think that you have the right commercial culture and organization in personnel.
Tim Go: Yeah. Paul, it’s a good question. We know there’s a lot of, in fact, several competitors out there who were talking about their commercial capabilities. I think we’ve got a similar focus here at DINO to try to look at that. I think some of our competitors are talking about trading as well as part of that commercial capability, we are not looking at trading as part of our commercial capability, at least not at this point time. I just don’t think we have the right resources to probably get into that. But I will ask Steve to comment, because one of the things, as you know, Steve has been brought in to do is basically help us look at our commercial capability and improvement.
Steve Ledbetter: Yes. Thanks, Tim. Paul, I think from — and so this is early days still, but after being here for three months, things that will reflect on when you asked about commercial culture and capability. I think we have a high degree of talent and capable commercial people, who really have a lot of expertise in this arena, both optimization, planning, refining across the assets and into the markets that we want to go play. And even to the extent that we understand where we have advantaged easy non-speculative trade, we take advantage of that, take advantage of differentials. I think our opportunity here is really around enabling and unlocking more value in an integrated fashion through tools such as enhanced digital, real-time information.
And I think that’s really kind of the next frontier that we go take on, and we see a lot of value there. I think we’re just kind of at the beginning of unlocking the true integrated value of this company that has been put together with these assets over the past few years.
Tim Go: Yes. Paul, when I say our first priority is to improve CHS and reliability, think operations. And then when I say, our second priority is to integrate and optimize our new portfolio of assets in commercial. That’s how we’re approaching those two priorities.
Paul Cheng: All right. Thank you.
Operator: And that does conclude the question-and-answer session. I will turn the floor back over to Tim Go for any closing remarks.
Tim Go: Thank you, Adera. Our second — our strong second quarter results are a testament to the strength of our business and the hard work of our employees to execute our strategies and deliver these results. We believe our refining, marketing and lubricants businesses are all performing above our mid-cycle estimates. And the majority of our planned turnaround work behind us, we believe we are well positioned to capture the margins available to us for the remainder of the year. Our priorities remain the same: to improve our base CHS and reliability; to integrate and optimize our new portfolio of assets; and three, to return excess cash to our shareholders. Thank you for joining our call. Have a great day.
Operator: Thank you. This does conclude today’s teleconference. Please disconnect your lines at this time, and have a wonderful day.
