Paul Cheng: Do you have an estimate, sorry. Do you have an estimate of your target for the incremental synergy benefit over the next 12 months that you may be able to capture?
Tim Go: Paul, there’s — we do have initiatives and estimates internally that we are going after, but we have nothing to share with you at this time.
Mike Jennings: Yeah. We are going to quantify that on next quarter’s call. We felt like we had just gotten through the first chunk and we are building up the next list as to where the next opportunities are and how big they are.
Tim Go: On your Lubes question, Paul, what I would just say is, I mean, if you take the $40 million, $70 million that we talked about associated with FIFO, you apply that to the $15 million of reported EBITDA. You get a number that’s consistent with our mid-cycle estimate that we talked about in terms of run rate. We have always said that our first half of the year is a stronger year. Second half of the year is seasonally weaker. And so being able to run at mid-cycle kind of run rates here for the third quarter and we think the fourth quarter will be similar, we will continue to have FIFO headwinds. But we think we are going to be able to run at kind of a mid-cycle run rate. We think that’s pretty good for our business.
Atanas Atanasov: If I could just — Paul, this is Atanas. If I can only also add is it’s important to not just look at the — at this quarter and the back quarters, even with the FIFO headwind for this quarter, if you look on a year-to-date basis, overall, the overall impact is not negative. It’s positive. And so as Tim indicated earlier, over time, FIFO kind of evens out, so this is more of a timing thing. But on a year-to-date basis in full year, we are at or above mid-cycle.
Paul Cheng: Okay. Okay. Will do. Thank you.
Operator: And there are no further questions at this time. I will now turn the call back over to Craig Biery for some final closing remarks.
Mike Jennings: Thanks, Rob. This is Mike Jennings. In closing I’d just tell you, we have really made great progress bringing the Sinclair businesses into our company and the strategic and the financial value of that combination is really becoming apparent to our shareholders. Synergy capture is per plan and we anticipate adding more to that estimate as we go forward here and I have said that we will articulate that on our next call. Across our base businesses in five segments, we are really operating well. And Renewables is obviously the area of focus as we are bringing these plants up to full rate through start-up. We expect higher margins in today’s Refining market will persist due to challenging macro supply factors that are really going to be difficult for the industry to resolve in the short run, despite our best efforts.
And finally, our own company’s performance returning capital to our owners has been well ahead of expected pace and reflects a strong cultural bias to return cash to shareholders as we generate it. We have a larger maintenance program ahead of us in 2023, but we continue to see great opportunities for capital return while maintaining our solid balance sheet and investment grade credit rating. So, with that, we look forward to speaking with you all again on the next call.
Operator: Thank you. This does conclude today’s teleconference. Please disconnect your lines at this time and have a wonderful day.
