Full-Time
Posted on 8/15/2025
Midstream energy infrastructure and logistics provider
No salary listed
Houston, TX, USA
In Person
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Plains All American Pipeline owns and operates midstream energy infrastructure across North America, providing logistics for crude oil, natural gas liquids (NGLs), and natural gas. It has Crude Oil and NGL segments offering gathering, transporting, terminalling, storage, fractionation, and marketing services, earning revenue from tariffs and margin-based activities. The network of pipelines, storage facilities, and terminalling assets connects producers and refiners to major market hubs, enabling efficient movement of energy products. Its goal is to deliver stable, integrated midstream services and generate steady cash flow for its stakeholders, organized as a master limited partnership.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Houston, Texas
Founded
1981
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Enhancing Wellhead to Water Strategy HOUSTON, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA ) and Plains GP Holdings (Nasdaq: PAGP ) (collectively, “Plains”) announced today that a wholly owned subsidiary has entered into a definitive agreement to acquire from
HOUSTON, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Plains All American Pipeline, L.P. (Nasdaq: PAA) today announced that it and PAA Finance Corp., a wholly...
Keyera Corp. (TSX:KEY) surged 4% amid Middle East turmoil and made history with a $5.2 billion acquisition of Plains All American Pipeline's Canadian NGL assets, the largest in Canada's energy sector. The deal includes 2,400 km of pipelines and facilities processing over 575,000 barrels daily. Keyera expects $100 million in cost synergies and a ~15% boost to distributable cash flow in the first year. Analysts project an 18-40% upside, with sustainable dividend growth and a 4.9% yield.
Keyera Corp. is acquiring Plains' Canadian NGL business, including select US assets, for [CAD]5.15 billion. This strategic move creates a continuous NGL corridor across Canada. The deal is funded by a [CAD]1.8 billion bought-deal offering, with a purchase price multiple of 7.8x expected 2025 EBITDA, reducing to 6.8x with synergies. Keyera anticipates [CAD]100 million in annual synergies, enhancing dividend stability. The deal, pending regulatory approval, is set to close by Q1 2026.
Keyera is acquiring Plains All American Pipeline's Canadian natural gas liquids business for $3.77 billion. This acquisition will enhance Keyera's presence in the NGL market by establishing a corridor from Western to Eastern Canada.