Complete reference and brain dump information about HP HP2-K27 exam
|Exam Name||:||Supporting and Servicing HP P6000 EVA(R) Solutions|
|Questions and Answers||:||40 Q & A|
|Updated On||:||August 17, 2018|
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HP2-K27 exam Dumps Source : Supporting and Servicing HP P6000 EVA(R) Solutions
Test Code : HP2-K27
Test Name : Supporting and Servicing HP P6000 EVA(R) Solutions
Vendor Name : HP
Q&A : 40 Real Questions
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CALGARY, Alberta, Aug. 02, 2018 (GLOBE NEWSWIRE) -- STEP power features Ltd. (the “enterprise” or “STEP”) is completely happy to announce its financial and working results for the three and six months ended June 30, 2018. This news release should still be read along side management’s dialogue and analysis (“MD&A”), condensed unaudited consolidated intervening time monetary statements and notes thereto as at and for the three and 6 months ended June 30, 2018 and the MD&A and audited consolidated economic statements as at and for the yr ended December 31, 2017. The above files can be found on STEP’s web page at www.stepenergyservices.com or on SEDAR at www.sedar.com.
Q2 2018 financial AND operating HIGHLIGHTS
On April 2, 2018 STEP advanced our strategic entry into the U.S. fracturing market with the closing of the Tucker power services Holdings, Inc. ("Tucker") acquisition (the “Tucker Acquisition”) and began the integration of Tucker’s operations in Oklahoma. The Tucker Acquisition positions STEP to capitalize on U.S. opportunities in key high‐growth basins, reduces commodity expense concentration chance, reduces income variability caused through seasonality and increases capital allocation flexibility. moreover the Tucker Acquisition, the company persevered to publish amazing operational performance. Canadian outcomes were affected from the seasonal slowdown length caused by way of prolonged spring breakup situations.
(1) See Non‐IFRS Measures. “Adjusted EBITDA” is a monetary measure no longer presented in response to IFRS and is the same as net profits before finance fees, depreciation and amortization, loss (profit) on disposal of property and equipment, impairment, latest and deferred salary tax, share‐based compensation, transaction prices and overseas exchange (benefit) loss.
The company’s consolidated 2nd quarter monetary and working highlights are offered beneath.economicThree months endedJune 30, Six months endedJune 30, ($000s apart from percentages, shares and per share quantities) 2018 2017 2018 2017 Consolidated salary $ 184,601 $ one zero five,446 $ 372,194 $ 223,430 web income (loss) caused by shareholders $ (8,431) $ 2,600 $ 9,985 $ eleven,592 Per share‐primary $ (0.13) $ 0.05 $ 0.16 $ 0.22 Per share‐diluted $ (0.13) $ 0.04 $ 0.15 $ 0.22 Adjusted EBITDA (1) $ 21,104 $ sixteen,439 $ 62,884 $ 37,580 Adjusted EBITDA % (1) eleven% sixteen% 17% 17% (1) See Non‐IFRS Measures. OPERATIONAL Three months endedJune 30, Six months endedJune 30, ($000s except per day, days, units, and HP) 2018 2017 2018 2017 total fracturing operating days (1) 414 272 929 633 Fracturing earnings per operating day $ 312,901 $ 252,405 $ 276,800 $ 233,800 Fracturing capacity (HP): ordinary lively HP 387,500 145,000 300,917 145,000 Exit active HP 417,500 one hundred forty five,000 417,500 a hundred forty five,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 operating days (1) 1,110 866 2,440 1,772 Coiled tubing earnings per working day $ 49,604 $ forty two,485 $ 47,one hundred fifty $ forty two,570 Coiled tubing means: normal energetic coiled tubing units 21 14 20 14 Exit active coiled tubing contraptions 21 15 21 15 complete coiled tubing instruments 23 16 23 sixteen Capital fees $ 38,210 $ 32,654 $ sixty two,807 $ 53,596 (1)An working day is defined as any coiled tubing and fracturing work this is performed in a 24‐hour length, exclusive of aid equipment.(2) Represents total owned HP, of which 417,500 HP is at present deployed and the remainder of which requires definite maintenance and refurbishment. steadiness SHEET As at June 30, As at December 31, ($000s apart from shares and per share quantities) 2018 2017 cash and money equivalents $ 12,411 $ 36,859 Working capital $ 112,233 $ 121,032 complete belongings $ 992,584 $ 533,845 complete long‐time period monetary liabilities $ 286,284 $ eight,049 Shares extraordinary basic sixty six,593,190 60,309,738 Weighted usual shares – basic 63,431,219 fifty six,528,016 Weighted usual shares – diluted 65,791,902 fifty seven,752,867 (1) See Non‐IFRS Measures.
while STEP entered the quarter with a powerful backlog completion commitments, seasonal delays experienced in the Canadian segment caused fracturing features work to be rescheduled for the 2nd half of 2018. while these deferrals impacted 2d quarter exercise, the business anticipates excessive utilization of STEP’s existing energetic asset base all the way through the third quarter of 2018.
second quarter consolidated fracturing operating days accelerated fifty two% relative to the identical duration in 2017. The U.S. fracturing operation contributed 242 working days which greater than offset the discount in utilization within the Canadian fracturing operation.
within the 2d quarter of 2018, the enterprise’s Canadian operations were constituted of 297,500 fracturing HP, of which eight fracturing spreads, representing 225,000 HP, and 13 goal‐constructed coiled tubing spreads were all staffed for twenty-four‐hour operations.
income within the second quarter of 2018 was $68.0 million, a lower of 26% from the same quarter of 2017. The yr over year exchange is basically concerning fewer fracturing days worked in response to difficult climate via spring destroy‐up, coupled with a modest softening of ordinary revenue per fracturing operation because the market balanced between accessible horsepower and demand. Coiled tubing pastime remained effective and resulted in a 3% increase in working days relative to the 2d quarter of 2017. common income per coiled tubing working day improved eleven% in assessment to the second quarter of 2017. The raises realized during the period are mostly because of the alternate within the mix of services to include more standalone coil tubing endeavor. For the six months ended June 30, 2018, revenue elevated by using 15% compared to the prior 12 months duration.
The Canadian phase posted a second quarter loss in Adjusted EBITDA of $three.four million (or ‐5%), compared with superb Adjusted EBITDA of $13.3 million (or 14%) within the related period the prior yr.
On June 30, 2018, STEP had eight active coiled tubing spreads in the U.S. servicing an increasing client checklist in the Permian and Eagle Ford basins in Texas and the Haynesville shale in Louisiana. STEP plans to take beginning of three further coiled tubing spreads during the 2nd half of the yr. On April 2, 2018, the U.S. operating segment all started integrating the Tucker Acquisition which included four fracturing spreads, totalling 192,500 horsepower, together with the fourth unfold of 50,000 HP that become deployed in the 2d half of the quarter.
salary multiplied 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 all through the identical durations of 2017, generally pushed with the aid of the addition of Tucker’s U.S. fracturing enterprise. Fracturing contributed seventy six% of STEP’s U.S. salary within the second quarter. effective demand across all working districts over an elevated coiled tubing fleet changed into realized in the quarter. STEP is working to establish opportunities to provide integrated features to our starting to be U.S. client base.
The U.S. segment 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, compared to $3.1 million (or 24%) and $three.8 million (or 18%) for the same periods in 2017. The increases in Adjusted EBITDA are attributable to the addition of fracturing belongings from Tucker, potent utilization from the coiled tubing fleet and our persevered focal point on cost manage.
STEP adopted the coverage of expensing fluid ends to repairs and upkeep for the U.S. operations, which is constant to STEP’s coverage of expensing objects that have an estimated advantageous lifetime of lower than 12 months, in distinction to Tucker’s policy of capitalizing. in conjunction with this exchange, STEP is refiling an Amended enterprise Acquisition file to align the professional‐forma historical consequences to STEP’s policy.
large quantities of snowstorm all the way through the primary quarter of 2018 and the following wet box conditions impacted the 2d quarter and resulted in slower recreation in Canada. however the quarter had a in shape stage final touch commitments, these delays resulted in work deferrals which might be anticipated to be done within the third quarter, resulting in expected robust utilization of STEP’s current active asset base. at present, 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 strong utilization. Most encouraging is discussions with clients looking to speed up some first quarter 2019 classes ahead into the fourth quarter of 2018.
administration characterizes the completions market in Canada as balanced to a bit over presented. here is manifesting in a competitive pricing atmosphere. whereas oil fees remain above ranges where most producers have budgeted, we're seeing a measured approach to capital spending; despite the fact, we do predict customer capital budgets to expand. management anticipates the Canadian completions market might shift to a scarcity of gadget with a modest boost in drilling recreation. at the moment, capital budgets continue to favour oil and liquids‐wealthy gasoline plays, assisting STEP’s 2018 strategy of investing in healthy‐for‐goal gadget to target shallow, oil‐weighted areas.
in the U.S., completions exercise is still potent however egress considerations in the Permian have led to some E&P corporations adjusting their capital deployment approach. Utilization amongst the U.S. fracturing asset base is expected to remain mighty during the conclusion of the year, although management is monitoring transitory Permian basin takeaway issues and the consequences it has on utilization and repair pricing in the broader U.S. market. specific to coiled tubing features, STEP continues to have potent demand aiding deployment of additional coiled tubing spreads. With coiled tubing features being a recent bottleneck in completions connected work, management anticipates mighty utilization for the remainder of the yr.
STEP expects give chain inputs to modestly pressure charge inflation. management will preserve a disciplined center of attention on operational efficiencies and will work to offset inflationary drive. as an instance, STEP recently carried out the SandCan® system in Canada, a containerized sand solution system combining transportation and on‐web page storage that offers ease of transportation from mine to neatly‐web page. The SandCan® device provides efficiencies via reduced logistics costs and load/sell off times; requires fewer trucks on site; and has no linked pneumatics or belts reducing fix and protection expenses.
The U.S. and Canada imposed a 25% tariff on metal items that impacts operating expenses for the Canadian oil and gasoline trade. certain to STEP’s operations, coiled tubing strings are sourced from U.S. producers, whom secure metal from different components of the realm. management is evaluating options to reduce the charge impact to our client base.
With the integration of the Tucker Acquisition, the board of administrators has permitted a revised 2018 capital program of $139 million, made from enlargement capital of $86 million, maintenance capital of $forty two million, and infrastructure and related funding of $eleven million. The boost is in part due to the renovation and refurbishment capital ascribed to the Tucker belongings and other initiatives to enhance operational efficiencies and asset deployments. growth capital comprises the purchase of auxiliary gadget, construction of healthy‐for‐intention machine to goal oil plays, and refurbishment and rebranding of idle fracturing belongings.
STEP plans to proceed to refurbish the the rest of its Canadian fracturing asset base. Completion of our ninth fracturing unfold will supply optionality to deploy it as market situations warrant. Our two healthy‐for‐purpose Viking spreads can be box competent and manned all the way through the 2nd half of the year. These Viking spreads may also displace our latest smaller means spreads, enabling horsepower to doubtlessly be redeployed to bolster present spreads, aiding bigger intensity operations. subsequently, upon completion of the 2018 capital software, in Canada STEP expects to operate between eight to ten fracturing spreads and may have one unstaffed fracturing spread along with sixteen coiled tubing spreads, and expects to function 4 fracturing spreads and 12 coiled tubing spreads within the U.S. (one coiled tubing unfold is expected to stay inactive).
Please see the dialogue within the Non‐IFRS Measures portion of the MD&A for the reconciliation of non‐IFRS objects to IFRS measures.
This doc consists of definite ahead‐looking tips and statements inside the that means of applicable securities legal guidelines. the use of any of the phrases "expect", "anticipate", "continue", "estimate", "aim", "ongoing", "may additionally", "will", "should", "agree with", "plans" and similar expressions are intended to identify ahead‐looking suggestions or statements. In specific, however with out limiting the foregoing, this doc contains forward‐ searching guidance and statements referring to the following: commissioning and staffing of equipment; utilization; timing of start and deployment of extra fracturing and coiled tubing spreads; timing of refurbishment of asset base; can charge inflation; market situations and trade pastime levels; and the volume of capital charges in 2018.
The ahead‐searching tips and statements contained in this document reflect a couple of cloth elements and expectations and assumptions of the business including, with out trouble: that the company will continue to habits its operations in a manner according to past operations; the generic continuance of existing or, where applicable, assumed business circumstances; future oil, natural gasoline and natural fuel drinks costs; the continuance of latest (and in certain cases, the implementation of proposed) tax, royalty and regulatory regimes; the affect of seasonal weather situations; the business’s ability to set up gadget; and certain can charge assumptions. The business believes the cloth elements, expectations and assumptions mirrored within the ahead‐searching assistance and statements are comparatively cheap but, no assurance may also be when you consider that these factors, expectations and assumptions will show to be correct.
The forward‐looking guidance and statements protected during this document are not ensures of future performance and may no longer be unduly relied upon. Such suggestions and statements contain prevalent and unknown hazards, uncertainties and other elements that can cause precise consequences or hobbies to vary materially from these predicted in such ahead‐searching information or statements together with, without limitation: changes within the demand for or supply of the business's features; unanticipated operating effects; market uncertainty; the potential to access key accessories and shop ability; the skill to entice and hold qualified personnel; alterations in tax or environmental laws, or other regulatory concerns; adjustments in the development plans of third parties; multiplied debt stages or debt carrier necessities; limited, adverse or an absence of access to capital markets; expanded expenses; the impact of opponents; and reliance on business partners.
The forward‐searching assistance and statements contained in this document communicate best as of the date of the document, and not one of the company or its subsidiaries assumes any obligation to publicly replace or revise them to reflect new hobbies or situations, except as may well be required pursuant to applicable laws. The reader is cautioned not to place undue reliance on forward‐looking information.
STEP energy services is an oilfield carrier business that provides wholly built-in coiled tubing and fracturing options. STEP’s combination of up to date, healthy‐for‐intention fracturing and coiled tubing device has differentiated it in plays the place wells are deeper, have longer laterals, and better drive.
at the beginning operating as a specialized, deep skill coiled tubing provider, STEP’s carrier offering accelerated to consist of absolutely built-in coiled tubing and fracturing solutions. STEP operates within the Montney, Duvernay, and Viking in Canada, and within the Anadarko, Arkoma, Permian, Eagle Ford, and Haynesville in the U.S. STEP’s carrying on with song list of safeguard, effectivity and execution drives repeat enterprise from its blue‐chip exploration and creation clients.
For greater tips please contact: Regan DavisPresident & Chief executive Officer
cellphone: 403‐457‐1772Email: investor_relations@step‐es.com. internet: www.stepenergyservices.com
HP2-K27 exam Dumps Source : Supporting and Servicing HP P6000 EVA(R) Solutions
Test Code : HP2-K27
Test Name : Supporting and Servicing HP P6000 EVA(R) Solutions
Vendor Name : HP
Q&A : 40 Real Questions
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