Copano Energy, L.L.C. (NASDAQ:CPNO) announced a cash distribution for the third quarter of 2011 of $0.575 per unit, or $2.30 per unit on an annualized basis, for all of its outstanding common units. This distribution will be payable on November 10, 2011, to holders of record of common units at the close of business on October 31, 2011. R. Bruce Northcutt, President and Chief Executive Officer of Copano Energy, said, "We estimate that our third quarter distribution coverage will be lower than our second quarter coverage primarily due to reduced liquids recoveries at our Houston Central complex as a result of Formosa Hydrocarbons' planned turnaround at its Point Comfort petrochemical complex, which is scheduled to be completed in mid-October.

Copano Energy, L.L.C. provides midstream services to natural gas producers in the United States. The company services comprise natural gas gathering, compression, dehydration, treating, marketing, transportation, processing, conditioning, and fractionation.

Read full artical and disclimar at : http://doubleinstocks.com/?p=19190