Copano 2Q Results In-Line, Growth Expected Throughout 2010

Copano Energy LLC (NASDAQ: CPNO) reported 2Q EBITDA results of $39.7M vs. Morgan Keegan's estimate of $41.2M and DCF/unit of $0.51 vs. MK's $0.54.

Morgan Keegan has lowered its FY2010 DCF/unit estimate by $0.17 to $2.01 and EBITDA is lowered $2.9M to $161.1M.

Morgan Keegan maintains its "outperform" rating and price target of $31, expecting 12 month return potential to be 15-20%.

Copano Energy closed Friday at $28.89.