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HP2-K39 exam Dumps Source : Support and Service HP StoreOnce Multinode Solutions
Test Code : HP2-K39
Test Name : Support and Service HP StoreOnce Multinode Solutions
Vendor Name : HP
Q&A : 43 Real Questions
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"Retail remains revolutionized through IoT (cyber web of issues) expertise advancements. The next generation factor-of-sale retail solutions are aiding the marketers to embrace the longer term now," Joe Jensen, VP and GM, Retail solutions Div., Intel Corp., observed in the press release. "HP have interaction is reinventing retail technology to move the industry and customer experiences into the future."
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CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- STEP energy services Ltd. (the “company” or “STEP”) is completely happy to announce its fiscal and operating results for the three and six months ended June 30, 2018. This information liberate should still be study in conjunction with management’s discussion and analysis (“MD&A”), condensed unaudited consolidated intervening time fiscal statements and notes thereto as at and for the three and six months ended June 30, 2018 and the MD&A and audited consolidated financial statements as at and for the yr ended December 31, 2017. The above documents are available on STEP’s website at www.stepenergyservices.com or on SEDAR at www.sedar.com.
Q2 2018 economic AND operating HIGHLIGHTS
On April 2, 2018 STEP superior our strategic entry into the U.S. fracturing market with the closing of the Tucker power features Holdings, Inc. ("Tucker") acquisition (the “Tucker Acquisition”) and began the mixing of Tucker’s operations in Oklahoma. The Tucker Acquisition positions STEP to capitalize on U.S. opportunities in key high‐boom basins, reduces commodity rate concentration risk, reduces salary variability caused by means of seasonality and increases capital allocation flexibility. apart from the Tucker Acquisition, the business persevered to post effective operational performance. Canadian consequences have been affected from the seasonal slowdown period brought about by way of extended spring breakup circumstances.
(1) See Non‐IFRS Measures. “Adjusted EBITDA” is a monetary measure now not offered based on IFRS and is equal to net profits earlier than finance charges, depreciation and amortization, loss (gain) on disposal of property and equipment, impairment, present and deferred profits tax, share‐based compensation, transaction prices and international trade (profit) loss.
The business’s consolidated 2d quarter monetary and working highlights are presented under.financialThree months endedJune 30, Six months endedJune 30, ($000s except percentages, shares and per share quantities) 2018 2017 2018 2017 Consolidated profits $ 184,601 $ one hundred and five,446 $ 372,194 $ 223,430 net revenue (loss) caused by shareholders $ (eight,431) $ 2,600 $ 9,985 $ eleven,592 Per share‐fundamental $ (0.13) $ 0.05 $ 0.sixteen $ 0.22 Per share‐diluted $ (0.13) $ 0.04 $ 0.15 $ 0.22 Adjusted EBITDA (1) $ 21,104 $ 16,439 $ sixty two,884 $ 37,580 Adjusted EBITDA % (1) 11% 16% 17% 17% (1) See Non‐IFRS Measures. OPERATIONAL Three months endedJune 30, Six months endedJune 30, ($000s apart from per day, days, devices, and HP) 2018 2017 2018 2017 total fracturing operating days (1) 414 272 929 633 Fracturing salary per operating day $ 312,901 $ 252,405 $ 276,800 $ 233,800 Fracturing capability (HP): ordinary active HP 387,500 145,000 300,917 145,000 Exit lively HP 417,500 one hundred forty five,000 417,500 145,000 total HP (2) 490,000 297,500 490,000 297,500 Proppant pumped (tonnes) 260,000 146,000 469,000 294,000 total coiled tubing working days (1) 1,110 866 2,440 1,772 Coiled tubing revenue per operating day $ 49,604 $ 42,485 $ 47,150 $ forty two,570 Coiled tubing capacity: standard active coiled tubing gadgets 21 14 20 14 Exit active coiled tubing units 21 15 21 15 total coiled tubing devices 23 16 23 sixteen Capital expenditures $ 38,210 $ 32,654 $ sixty two,807 $ fifty three,596 (1)An operating day is described as any coiled tubing and fracturing work that's performed in a 24‐hour period, unique of help machine.(2) Represents complete owned HP, of which 417,500 HP is presently deployed and the remainder of which requires certain upkeep and refurbishment. balance SHEET As at June 30, As at December 31, ($000s except shares and per share amounts) 2018 2017 money and money equivalents $ 12,411 $ 36,859 Working capital $ 112,233 $ 121,032 complete property $ 992,584 $ 533,845 total long‐time period monetary liabilities $ 286,284 $ 8,049 Shares magnificent fundamental 66,593,one hundred ninety 60,309,738 Weighted standard shares – basic sixty three,431,219 56,528,016 Weighted typical shares – diluted 65,791,902 57,752,867 (1) See Non‐IFRS Measures.
while STEP entered the quarter with a strong backlog completion commitments, seasonal delays skilled in the Canadian phase brought about fracturing features work to be rescheduled for the 2d half of 2018. while these deferrals impacted second quarter activity, the enterprise anticipates high utilization of STEP’s latest active asset base all the way through the third quarter of 2018.
2d quarter consolidated fracturing operating days extended fifty two% relative to the same duration in 2017. The U.S. fracturing operation contributed 242 working days which greater than offset the discount in utilization in the Canadian fracturing operation.
within the 2d quarter of 2018, the company’s Canadian operations were produced from 297,500 fracturing HP, of which eight fracturing spreads, representing 225,000 HP, and 13 intention‐developed coiled tubing spreads were all staffed for twenty-four‐hour operations.
revenue in the second quarter of 2018 changed into $68.0 million, a lessen of 26% from the equal quarter of 2017. The year over yr change is primarily concerning fewer fracturing days worked based on challenging climate via spring wreck‐up, coupled with a modest softening of standard revenue per fracturing operation because the market balanced between available horsepower and demand. Coiled tubing endeavor remained powerful and ended in a 3% increase in working days relative to the second quarter of 2017. common salary per coiled tubing operating day expanded 11% in evaluation to the second quarter of 2017. The increases realized throughout the length are mostly as a result of the alternate within the mix of services to include greater standalone coil tubing undertaking. For the six months ended June 30, 2018, income accelerated by way of 15% compared to the prior yr period.
The Canadian segment posted a second quarter loss in Adjusted EBITDA of $3.4 million (or ‐5%), compared with tremendous Adjusted EBITDA of $13.3 million (or 14%) in the related length the prior 12 months.
On June 30, 2018, STEP had eight active coiled tubing spreads in the U.S. servicing an increasing customer record within the Permian and Eagle Ford basins in Texas and the Haynesville shale in Louisiana. STEP plans to take delivery of three further coiled tubing spreads all the way through the 2d half of the year. On April 2, 2018, the U.S. operating section all started integrating the Tucker Acquisition which blanketed four fracturing spreads, totalling 192,500 horsepower, including the fourth unfold of fifty,000 HP that became deployed in the 2d half of the quarter.
salary increased significantly for the three and six months ended June 30, 2018 to $116.6 million and $139.0 million, respectively, from $13.0 million and $21.2 million right through the same periods of 2017, generally driven by the addition of Tucker’s U.S. fracturing business. Fracturing contributed seventy six% of STEP’s U.S. earnings within the 2d quarter. effective demand across all operating districts over an expanded coiled tubing fleet became realized in the quarter. STEP is working to determine opportunities to supply built-in capabilities to our turning out to be U.S. client base.
The U.S. phase generated Adjusted EBITDA for the three and 6 months ended June 30, 2018 of $24.5 million (or 21%) and $32.1 million (or 23%), respectively, in comparison to $3.1 million (or 24%) and $three.eight million (or 18%) for the same periods in 2017. The increases in Adjusted EBITDA are because of the addition of fracturing property from Tucker, strong utilization from the coiled tubing fleet and our persevered focus on can charge manage.
STEP adopted the policy of expensing fluid ends to repairs and upkeep for the U.S. operations, which is consistent to STEP’s coverage of expensing gadgets which have an estimated beneficial life of below three hundred and sixty five days, in distinction to Tucker’s policy of capitalizing. at the side of this alternate, STEP is refiling an Amended business Acquisition file to align the pro‐forma historic effects to STEP’s coverage.
huge amounts of snow fall all the way through the first quarter of 2018 and the next moist field circumstances impacted the 2nd quarter and resulted in slower exercise in Canada. youngsters the quarter had a suit stage crowning glory commitments, these delays resulted in work deferrals that are anticipated to be accomplished in the third quarter, resulting in anticipated potent utilization of STEP’s present active asset base. presently, STEP has commitments for the fourth quarter for over half of our manned Canadian fracturing fleets, with ongoing customer discussions suggesting the quarter might also see potent utilization. Most encouraging is discussions with purchasers looking to speed up some first quarter 2019 courses ahead into the fourth quarter of 2018.
management characterizes the completions market in Canada as balanced to a little over offered. this is manifesting in a aggressive pricing ambiance. while oil prices continue to be above degrees where most producers have budgeted, we're seeing a measured method to capital spending; youngsters, we do are expecting customer capital budgets to expand. administration anticipates the Canadian completions market could shift to a scarcity of equipment with a modest enhance in drilling endeavor. at present, capital budgets proceed to favour oil and drinks‐prosperous gasoline performs, supporting STEP’s 2018 approach of investing in healthy‐for‐purpose equipment to goal shallow, oil‐weighted areas.
in the U.S., completions endeavor is still effective although egress concerns in the Permian have ended in some E&P groups adjusting their capital deployment approach. Utilization amongst the U.S. fracturing asset base is expected to remain powerful during the conclusion of the 12 months, notwithstanding administration is monitoring transitory Permian basin takeaway issues and the outcomes it has on utilization and service pricing within the broader U.S. market. certain to coiled tubing services, STEP continues to have powerful demand assisting deployment of further coiled tubing spreads. With coiled tubing functions being a recent bottleneck in completions linked work, management anticipates strong utilization for the remainder of the yr.
STEP expects provide chain inputs to modestly pressure cost inflation. administration will retain a disciplined focal point on operational efficiencies and may work to offset inflationary power. for example, STEP these days implemented the SandCan® device in Canada, a containerized sand solution device combining transportation and on‐web page storage that provides ease of transportation from mine to well‐site. The SandCan® equipment can provide efficiencies via reduced logistics charges and cargo/unload instances; requires fewer vehicles on web site; and has no associated pneumatics or belts reducing restoration and upkeep fees.
The U.S. and Canada imposed a 25% tariff on metal items that influences working expenses for the Canadian oil and gas industry. particular to STEP’s operations, coiled tubing strings are sourced from U.S. producers, whom cozy steel from distinct parts of the world. management is evaluating alternate options to cut the can charge have an effect on to our customer base.
With the combination of the Tucker Acquisition, the board of administrators has approved a revised 2018 capital software of $139 million, produced from enlargement capital of $86 million, protection capital of $forty two million, and infrastructure and connected investment of $eleven million. The enhance is in part because of the maintenance and refurbishment capital ascribed to the Tucker belongings and other initiatives to increase operational efficiencies and asset deployments. expansion capital includes the purchase of auxiliary device, construction of healthy‐for‐aim equipment to goal oil plays, and refurbishment and rebranding of idle fracturing belongings.
STEP plans to proceed to refurbish the remainder of its Canadian fracturing asset base. Completion of our ninth fracturing unfold will supply optionality to installation it as market situations warrant. Our two healthy‐for‐intention Viking spreads can be container in a position and manned throughout the 2nd half of the 12 months. These Viking spreads may also displace our existing smaller skill spreads, enabling horsepower to probably be redeployed to bolster current spreads, supporting higher intensity operations. in consequence, upon completion of the 2018 capital application, in Canada STEP expects to function between eight to 10 fracturing spreads and may have one unstaffed fracturing unfold along with 16 coiled tubing spreads, and expects to operate 4 fracturing spreads and 12 coiled tubing spreads in the U.S. (one coiled tubing spread is expected to continue to be inactive).
Please see the discussion in the Non‐IFRS Measures component of the MD&A for the reconciliation of non‐IFRS objects to IFRS measures.
This document incorporates definite ahead‐looking advice and statements in the which means of relevant securities legal guidelines. the use of any of the words "expect", "count on", "continue", "estimate", "objective", "ongoing", "may additionally", "will", "should still", "believe", "plans" and similar expressions are supposed to determine forward‐looking counsel or statements. In selected, but with out limiting the foregoing, this doc contains ahead‐ searching advice and statements bearing on here: commissioning and staffing of device; utilization; timing of beginning and deployment of further fracturing and coiled tubing spreads; timing of refurbishment of asset base; cost inflation; market situations and trade pastime degrees; and the volume of capital costs in 2018.
The forward‐searching information and statements contained during this document reflect a few material elements and expectations and assumptions of the enterprise together with, devoid of issue: that the company will proceed to conduct its operations in a manner in step with past operations; the time-honored continuance of latest or, the place relevant, assumed business conditions; future oil, herbal gas and natural gas drinks fees; the continuance of latest (and in certain cases, the implementation of proposed) tax, royalty and regulatory regimes; the have an impact on of seasonal climate situations; the business’s ability to install gadget; and sure charge assumptions. The business believes the material factors, expectations and assumptions reflected in the ahead‐searching advice and statements are low in cost however, no assurance can also be when you consider that these elements, expectations and assumptions will prove to be correct.
The forward‐looking counsel and statements included during this document aren't ensures of future performance and may now not be unduly relied upon. Such assistance and statements involve prevalent and unknown hazards, uncertainties and different factors that can cause genuine outcomes or pursuits to differ materially from these expected in such ahead‐looking guidance or statements including, without issue: changes within the demand for or deliver of the company's capabilities; unanticipated operating consequences; market uncertainty; the ability to access key add-ons and store ability; the capability to attract and preserve certified personnel; adjustments in tax or environmental legal guidelines, or different regulatory matters; alterations in the development plans of third events; extended debt ranges or debt carrier necessities; restrained, damaging or a lack of access to capital markets; improved charges; the have an impact on of competitors; and reliance on business partners.
The ahead‐looking tips and statements contained in this document communicate most effective as of the date of the doc, and none of the company or its subsidiaries assumes any obligation to publicly update or revise them to replicate new pursuits or situations, except as may well be required pursuant to applicable laws. The reader is suggested now not to location undue reliance on ahead‐looking tips.
STEP energy features is an oilfield carrier company that gives completely built-in coiled tubing and fracturing options. STEP’s aggregate of modern, fit‐for‐purpose fracturing and coiled tubing gadget has differentiated it in plays the place wells are deeper, have longer laterals, and higher power.
firstly working as a really good, deep means coiled tubing issuer, STEP’s carrier providing accelerated to include completely integrated coiled tubing and fracturing solutions. STEP operates in the Montney, Duvernay, and Viking in Canada, and in the Anadarko, Arkoma, Permian, Eagle Ford, and Haynesville within the U.S. STEP’s continuing tune record of security, effectivity and execution drives repeat enterprise from its blue‐chip exploration and creation purchasers.
For extra information please contact: Regan DavisPresident & Chief executive Officer
mobilephone: 403‐457‐1772Email: investor_relations@step‐es.com. internet: www.stepenergyservices.com
HP2-K39 exam Dumps Source : Support and Service HP StoreOnce Multinode Solutions
Test Code : HP2-K39
Test Name : Support and Service HP StoreOnce Multinode Solutions
Vendor Name : HP
Q&A : 43 Real Questions
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