Targa Resources shares fall on lower-than-expected Q1 revenue

Shares of Targa Resources Corp TRGP.N fall 4.3% to $163.50

The pipeline operator reports lower-than-expected revenue in Q1, hurt by lower volumes across Targa's gathering and processing and logistics and transportation system

Says, was negatively impacted by winter weather events which reduced system volumes

Q1 revenue $4.56 billion vs analyst's estimate of $4.89 billion - data compiled by LSEG

TRGP's adjusted core profit rose 5% to $1.18 billion vs estimates of $1.16 billion

Including session's moves, company's shares down 8.4% YTD