Htm Underground, L.L.C.
How we got $580K
Based on its 7 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Unlikely to sell soon
- In business 18 years (since 2008)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 4% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| HTM UNDERGROUND, L.L.C. this business | $1.9M | — |
| G T UNDERGROUND, LLC Blanchard · 8 employees | $2.0M | 3.3 mi |
| ELITE TOWERS, INC Blanchard · 19 employees | $7.2M | 5.8 mi |
| STEVEN MCCOMAS Blanchard · 2 employees | $551K | 6.4 mi |
| Mowdy Drilling, LLC Chickasha | $2.6M | 10.8 mi |
| Precision HDD Dibble | $2.6M | 11.1 mi |
| Morgan Well Services Chickasha | $2.6M | 12.2 mi |
The full calculation
| Employees reported to the SBA | 7 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $1.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.2M |
| Estimate: the two combined (geometric mean) | $1.9M |
| EBITDA margin (industry, adjusted for size) | 13% |
| EBITDA = revenue × margin | $252K |
Brought up to date: prices are 10% higher than in the benchmark's year and Oklahoma employment in this industry has fallen 16% since 2020, both included above.
| Estimated value = EBITDA × typical sale multiple | $580K |
| Multiple for this size and industry | 2.3× |
| Value range | $348K – $905K |
| Revenue range | $1.4M – $2.5M |
| EBITDA range | $189K – $328K |
| Industry (NAICS) | Oil and Gas Pipeline and Related Structures Construction (237120) |
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
People & advisors
Advisors
- BankingFirst National Bank of OklahomaPPP / 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 Roles are as stated there and may be out of date.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
| First National Bank of Oklahoma PPP 2020, PPP 2021 | All 405 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/9/2020 | first | $111K | 7 |
| 1/20/2021 | second | $111K | 7 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Htm Underground, L.L.C.
Htm Underground, L.L.C. is an oil and gas pipeline and related structures construction company in Blanchard, Oklahoma, in business since 2008. Its estimated annual revenue is about $1.9M, with roughly $252K of EBITDA. It has about 7 employees. Its estimated business value is $580K (likely range $348K–$905K).
Common questions
- Who owns Htm Underground, L.L.C.?
- The owner of Htm Underground, L.L.C. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Htm Underground, L.L.C. make?
- SeeBITDA estimates Htm Underground, L.L.C.'s annual revenue at about $1.9M (likely between $1.4M and $2.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Htm Underground, L.L.C. worth?
- About $580K, roughly 2.3× its estimated EBITDA of $252K, typical for a oil and gas pipeline and related structures construction company its size. Likely range: $348K–$905K.
- How many employees does Htm Underground, L.L.C. have?
- About 7, as reported on its PPP loan.
- When was Htm Underground, L.L.C. founded?
- Htm Underground, L.L.C. has been in business since 2008.