Sean O’Brien: Yes, I mean, a couple of things, UGI, consolidates all of the businesses. I think I’ve highlighted in the past that international, just to give you some metrics, in terms of where the international sits on its leverage, it’s in the low twos. Energy services is in the low twos. My point being, they’re very, very strong. When you look at the debt to cap ratios of our utilities, it’s incredibly strong. It’s in the 50%. So my point is, yes, we have that’s one of the reasons, Sarah, we really need to improve AmeriGas. All these entities roll up and consolidate into the corp. So the sooner we improve AmeriGas, it helps corp, and the sooner we can, continue to make end roads at corp as well. So those are the two focuses, improve AmeriGas, debt metrics, and then continue to improve corp. I’ve been clear, our goal is to get corp below four times, and we’re sitting in the low fours right now. So we have a little bit of work to do there.
Sarah Akers: Okay, and just to be clear, is the plan to get there without issuing UGI stock, or is that on the table as a tool?
Sean O’Brien: That has not been on the table in any of the models I’ve run as a tool.
Sarah Akers: Okay, perfect. And then shifting to international, the volumes were up, unit margins were up for the quarter. To what extent do you think that’s sustainable? It’s a trend that might continue throughout the year, and any comments on what’s driving the underlying strength there?
Sean O’Brien: And I can start, Mario, can highlight some of what we’re seeing over there, maybe from a conservation, but in terms of the lines, we’ve benefited a little bit from weather, so, that’s going to be dependent on what we see the remainder of the winter. The conversions that I mentioned, that should continue, those are two to three year contracts on those NatGas LPG conversions. So that’s a tailwind that should continue to help us out. And the unit margins, they are up year-over-year. I think when I look at versus expectation, they’re not up as much. We had some of that, they did. So I think I feel pretty good about some of the, some of the drivers we’re seeing. And I don’t know if Mario, you want to talk about, conservation.
Mario Longhi: The conservation situation over there has shown a little bit of a sign of these, certainly Italy and Austria have been more vocal about that. And we’re beginning to see some signs, potentially, of it in other countries. But it’s kind of early to say whether this trend will continue, but at least we’ve had a start on it.
Sarah Akers: Thanks, and then if I could squeeze in one more, just on the modeling side, if you have it, the adjusted EBITDA for AmeriGas for the quarter and trailing 12 months, is that something you can provide?
Sean O’Brien: Yes, after, our financials will be released today, Sarah. So Tamika will be happy to give those to you here after the call.
Sarah Akers: Perfect, thank you so much.
Sean O’Brien: Thanks.
Mario Longhi: Thank you.
Operator: Thank you. One moment for our next question. Our next question comes from Julien Dumoulin-Smith with Bank of America. Your line’s now open.
Unidentified Analyst: Hey, team, this is actually Cameron squeezing in for Julien real quick. I just wanted to follow up with one thing, and I realize, it’s only one quarter into the fiscal year, but can you, and sorry if I missed it, can you provide any color on kind of how you see full year results trending relative to a guide after this quarter?
Mario Longhi: Yes, I mean, we’re happy to see, we started off, we’re, as Mario said, a solid quarter, but, we’re holding the guidance that we had out there.
Unidentified Analyst: Okay, so no more commentary, I guess, around like maybe trimming higher or lower to the high and the low end.
Mario Longhi: I think you said it’s the best Cameron with one quarter in, so. So, we’re pleased with the quarter, but, at this point, we’re, no change.
Unidentified Analyst: Okay, got it, awesome, thank you guys.
Operator: Thank you, I’m showing no further questions at this time. Oh, now I’d like to turn it back to Mario Longhi, Interim President and CEO for closing remarks.
Mario Longhi: Well, thank you for spending time with us today, and we look forward to continuing our conversation in the next quarter. Everyone be well, thank you again.
Operator: This concludes today’s conference call. Thank you for participating, you may now disconnect.
