Justin Jacobs: Okay. Yes. I guess in — these are big CapEx numbers here. If we look at the earnings call a year ago, you told shareholders to expect $20 million to $25 million and sad to $20 million, $25 million, we did $65 million last year. We’re doing $95 million this year. It’s just trying to get — I think it’s important for shareholders to understand kind of what the plan is and where are we going here on capital outlay. And I appreciate some of the competitive concerns you have in terms of breaking out a number of units, but it’s very difficult to project kind of what EBITDA is going to be generated out of this in the coming year and specifically the timing without some better detail of kind of on each of these units and what the fleet is going to look like.
Steve Taylor: Yes. And I understand what you’re saying, and we’ve got, obviously, detailed schedules when things are anticipated to come out. Unfortunately, those schedules probably change every two weeks based on customer drive and demand. We’ve got them contracted, but the customers sometimes shift things around, move units in front and behind things like that. And I appreciate what you’re saying. I just am hesitant to put out too much detail as mentioned just from a competitive standpoint as far as people know when and where. And obviously, they can guess, most of the stuff goes to the Permian. So, it’s — yes, I can try to think through and maybe come up with a better way to give a clearer picture. But I think I don’t want to break down exactly when certain units are coming out, et cetera.
And sometimes just the quarterly spend that I went through while ago — that’s probably the best detail I can give you with that going into this a year that many units and I understand it’s hard to project EBITDA growth off that. But without getting in too much detail, I’m a little hesitant.
Justin Jacobs: Let me ask another question, which is as you look forward beyond that into 2024, what level of CapEx should we expect?
Steve Taylor: In 2024?
Justin Jacobs: Yes. I mean I’m just trying to understand if the building spree is going to continue, and that is kind of baked in.
Steve Taylor: Yes. That will put our — well, I just went through puts our debt balance of $120 million at the end of the year, I’m assuming no interim paydown or anything. We’ve got $175 million commitment. Our borrowing base now is about $140 million. So presuming we get to the borrowing base goes up to $175 million. That leaves about $50 million not — if nothing else changes as to what’s led from that commitment. The 2024 CapEx budget is going to probably depend on really what happens in Q3 and Q4 as far as what other orders come in on large horsepower rental equipment. It’s real hard it was real hard and almost impossible to say right now. I would — I mean if nothing else, you could say, well, $5 million then we run out of commitment, right? But obviously, by that time, we’d have higher EBITDA flowing through and could get more if the market demanded more.
