Plains GP Holdings, L.P. (NASDAQ:PAGP) Q4 2023 Earnings Call Transcript

And then, when you think about the midstream, my observations are, I do think the upstream is a bit ahead of us. I do think there will be some more consolidation. Assets are probably the easiest way to go. And, again, as you look at the landscape, there has been some M&A in the midstream, but I think we are in the part of the business cycle where there are more opportunities to be bigger and be stronger. Not that we aren’t a large enterprise, but we’ll evaluate different opportunities as we go, always with the unitholder in mind.

Timm Schneider – The Schneider Capital Group LLC: All right. Thank you.

Willie Chiang: Thanks, Timm.

Operator: Thank you. I’m showing no further questions at this time. I would now like to turn the call back over to management for closing remarks.

Willie Chiang: Thanks to all of you for your interest in Plains, and we will look forward to updating you as the year progresses. Everyone have a nice weekend. Thank you.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.