Copano Energy Down 11% After Q1 Earnings Report
Copano Energy (NASDAQ: CPNO) is trading lower on the session following its Q1 earnings announcement yesterday after the close. The company reported an EPS of $(2.2), which may not be comparable to $(0.01) estimates and revenues of $337.2 million vs $360.85 million estimates.
R. Bruce Northcutt, Copano's President and Chief Executive Officer. "In the first quarter, we realized strong year-over-year increases in service throughput in Texas and Oklahoma, as well as higher adjusted EBITDA and segment gross margin, despite operational issues at our Houston Central complex and a lower natural gas pricing environment."
Copano Energy is currently trading at $30.95, a loss of $3.89 or 11.17%.
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