Plains All American Pipeline
Midstream energy infrastructure and logistics provider
Crude Oil Transport Driver
Home daily; local hauls.
About the job
- A high school diploma or equivalent is required.
- Two years of truck driving experience is required.
- A commercial driver’s license with hazardous materials and tanker endorsements is required.
- Successful completion of criminal, drug, and driving record screenings, a fit-for-duty screening, and a Department of Transportation physical is required.
- Safely and effectively operate crude oil and product transport trucks.
- Connect hoses between the trailer and unloading or loading facility and monitor the unloading or loading process.
- Inspect trucks and trailers according to Department of Transportation requirements, including brakes, engine oil, water levels, lights, and loading hoses.
- Wear fresh-air breathing equipment or a self-contained breathing apparatus when necessary.
- Climb storage tank stairs, potentially up to 32 feet, while carrying a gauging tray and gauging equipment.
- Gauge tanks and test crude oil.
- Operate onboard computer equipment to record data.
- Observe and comply with Federal Motor Carrier Safety Administration, federal, state, local, and other applicable regulations, policies, and laws.
- Promote safety through decisions and actions.
- Two years of tanker transport experience is preferred.
- Crude oil hauling experience may qualify the candidate for enhanced starting pay.
About the company
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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Simplify's Take
What believers are saying
- August 7, 2026 adjusted EBITDA hit $738 million; 2026 guidance stayed $2.88 billion.
- Divesting Canadian NGL assets cut debt by about $2.9 billion, lowering leverage to 3.3x.
- September 2026 financing and asset sale fund crude-focused growth without straining near-term liquidity.
What critics are saying
- September 9, 2026 notes add fixed debt while redeeming preferred units.
- March 2026 Plains-linked Santa Ynez litigation keeps 2015 spill liabilities politically alive.
- Permian dependence rises after Canadian NGL exit; 2027 throughput weakens if basin growth stalls.
What makes Plains All American Pipeline unique
- Plains spans 9 million barrels daily across crude and NGL logistics networks.
- September 16, 2026 Silver Creek purchase adds Powder River Basin gathering and storage.
- Cactus III expansion reached 725,000 barrels daily, deepening Corpus Christi export connectivity.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Paid Vacation
Hybrid Work Options
Unlimited Paid Time Off
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 4%2 year growth
↑ 3%Plains All American Pipeline has priced a $1.5 billion public offering of junior subordinated notes. The offering comprises Series A Notes with a 6.75% interest rate and Series B Notes at 7.00%, both due in 2056 and priced at 100% of face value. The interest rates will reset on 15 December 2031 and 15 December 2036 respectively, and every five years thereafter, based on the Five-Year US Treasury Rate plus a spread. The rates will not fall below their initial levels. Plains All American intends to use proceeds from the offering, along with cash on hand and commercial paper borrowings, to redeem all outstanding Series A and Series B Preferred Units. The offering is expected to close on 14 September 2026.
Plains All American Pipeline reported second-quarter 2026 revenue of $17.69 billion and net income of $1.83 billion, exceeding analyst expectations. Management attributed the strong performance to cost efficiencies and Cactus III pipeline synergies. The company sold its Canadian NGL business to reduce leverage and fund higher-return crude projects. Plains is increasing 2026 growth capital for Permian gathering and a 75,000-barrel-per-day Cactus III expansion. The strategy reinforces the investment case around crude projects and export connectivity. However, the more concentrated crude footprint increases exposure to potential Permian activity slowdowns or contract renewal challenges. Simply Wall St community valuations range from $24 to $77 per unit. The company's narrative projects $53.6 billion revenue and $1.5 billion earnings by 2029, yielding a $24.18 fair value estimate.
Plains All American Pipeline reported second-quarter adjusted EBITDA of $738 million and maintained its full-year 2026 guidance of $2.88 billion. The company's crude oil segment generated $690 million EBITDA, whilst the NGL segment contributed $40 million following the mid-May sale of its Canadian NGL business. The divestiture enabled approximately $2.9 billion in debt reduction, lowering the pro forma leverage ratio to 3.3 times. Plains increased growth capital spending guidance to $400–450 million whilst reducing maintenance capital to $175 million. The company expects to generate approximately $1.75 billion in free cash flow for 2026. Permian production is forecast to grow 100,000–200,000 barrels per day on an exit-to-exit basis. Plains is expanding its Cactus pipeline by 75,000 barrels per day, bringing total capacity to 725,000 barrels per day. The quarter included $14 million in environmental remediation expenses.
Plains All American Pipeline reported strong second quarter results driven by Cactus III synergies and operational efficiencies. The company divested its Canadian NGL business to focus on crude oil, reducing leverage to 3.3x. Management raised Permian production growth expectations to 100,000-200,000 barrels per day exit-to-exit, citing earlier-than-expected natural gas egress. Growth capital guidance increased to $400 million-$450 million, targeting Permian and Canada projects contributing to 2027 EBITDA. The Cactus III pipeline expansion, adding 75,000 barrels per day capacity, is expected online by late August 2026. Management targets $50 million in efficiency gains by year-end 2026, with another $50 million throughout 2027. Second quarter results included $14 million in non-recurring environmental remediation expenses. Maintenance capital guidance was lowered to $175 million following the NGL business sale.
Plains All American Pipeline and Plains GP Holdings have appointed Cynthia B. Taylor as an independent member of the Board of Directors of PAA GP Holdings. She will serve in Class III and join the Compensation Committee and the Health, Safety, Environmental and Sustainability Committee. Taylor brings over 30 years of energy industry experience, having served as CEO and President of Oil States International from May 2007 until her retirement in May 2026. She previously held senior financial roles at L.E. Simmons & Associates and Cliffs Drilling Company, and was a director at the Federal Reserve Bank of Dallas. Taylor currently serves on AT&T's board, chairing its audit committee. Plains All American Pipeline operates midstream energy infrastructure across the United States and Canada, handling over nine million barrels per day of crude oil and natural gas liquids.