Energy Meter Systems, LLC
How we got $19.6M
Based on its 42 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 9% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
What we know
Signs of a sale Some signs of a sale
- In business 35 years (since 1991)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| ENERGY METER SYSTEMS, LLC this business | $19.6M | — |
| JV WELL SERVICE, INC Hennessey · 17 employees | $7.3M | 0.4 mi |
| Teppco Crude Pipeline Hennessey | $1.5M | 0.5 mi |
| RAYCO PARAFFIN SERVICE, INC. Hennessey · 4 employees | $2.0M | 0.5 mi |
| TRIPLE J WELL SERVICE CORP Hennessey · 10 employees | $3.7M | 1.1 mi |
| R&S HYDROTESTING, INC. Hennessey · 5 employees | $1.6M | 1.1 mi |
| SURGE WELL SERVICE INC Hennessey · 25 employees | $11.7M | 1.2 mi |
The full calculation
| Employees reported to the SBA | 42 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $18.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $15.8M |
| Estimate: the two combined (geometric mean) | $19.6M |
| EBITDA margin (industry, adjusted for size) | 23% |
| EBITDA = revenue × margin | $4.5M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $19.6M |
| Multiple for this size and industry | 4.4× |
| Value range | $10.3M – $26.8M |
| Revenue range | $12.9M – $22.4M |
| EBITDA range | $2.9M – $5.1M |
| Industry (NAICS) | Support Activities for Oil and Gas Operations (213112) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- BankingArvest Bank, BancCentral, National AssociationPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
| BancCentral, National Association PPP 2021 | All 152 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/6/2020 | first | $448K | 42 |
| 1/20/2021 | second | $448K | 28 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Energy Meter Systems, LLC
Energy Meter Systems, LLC is an oil & gas company in Hennessey, Oklahoma, in business since 1991. It is owned by Ken Hudgeons. Its estimated annual revenue is about $19.6M, with roughly $4.5M of EBITDA. It has about 42 employees. Its estimated business value is $19.6M (likely range $10.3M–$26.8M).
Common questions
- Who owns Energy Meter Systems, LLC?
- Energy Meter Systems, LLC is owned by Ken Hudgeons, according to public sources such as the company's website or filings.
- How much revenue does Energy Meter Systems, LLC make?
- SeeBITDA estimates Energy Meter Systems, LLC's annual revenue at about $19.6M (likely between $12.9M and $22.4M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Energy Meter Systems, LLC worth?
- About $19.6M, roughly 4.4× its estimated EBITDA of $4.5M, typical for a oil & gas company its size. Likely range: $10.3M–$26.8M.
- How many employees does Energy Meter Systems, LLC have?
- About 42, as reported on its PPP loan.
- When was Energy Meter Systems, LLC founded?
- Energy Meter Systems, LLC has been in business since 1991.