Kay Electric Cooperative, Inc.
How we got $87.8M
Based on its 47 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Kay Electric Cooperative is a member-owned electric cooperative in Blackwell, OK that delivers electric power to its member-owners and offers services such as rebates, backup generators and bill payment.
From the company's website. Industry: Electric Power Distribution.
Customers & suppliers
Suppliers & brands
- Generac · brand it sells or installs
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- WINTER LIVESTOCK, INC · Enid, 43 mi · $60.2M
- LAZY J ARENA, LLC · Stillwater, 56 mi · $30.7M
- SOUTHERN PLAINS LIVESTOCK AUCTION, INC. · Blackwell, 2 mi · $14.9M
- Hanor · Enid, 41 mi · $9.6M
- GRISWOLD CATTLE CO., L.L.C. · Stillwater, 55 mi · $8.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| KAY ELECTRIC COOPERATIVE, INC. this business | $87.8M | — |
| SAMHILL LLC Tonkawa · 2 employees | $1.7M | 9.5 mi |
| Oklahoma Gas & Electric Co. Enid | $1.3M | 39.6 mi |
| PARADIGM TWENTY LLC DBA NONE Stillwater · 5 employees | $9.5M | 54.2 mi |
| FARMERS ELECTRIC LLC Hennessey · 6 employees | $7.2M | 55.9 mi |
| INDIAN ELECTRIC COOPERATIVE, INC. Cleveland · 79 employees | $70.2M | 59.0 mi |
The full calculation
| Employees reported to the SBA | 47 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $65.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $91.3M |
| Estimate: the two combined (geometric mean) | $87.8M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $7.5M |
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.
| Revenue range | $57.8M – $100.1M |
| EBITDA range | $4.9M – $8.6M |
| Industry (NAICS) | Electric Power Distribution (221122) |
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. 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
- BankingEquity BankPPP / 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
| Equity Bank PPP 2020 | All 375 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 5/20/2020 | first | $1.0M | 47 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Kay Electric Cooperative, Inc.
Kay Electric Cooperative, Inc. is an electric power distribution company in Blackwell, Oklahoma, in business since 1992. It is owned by Heath Lambert (CEO/General Manager). Its estimated annual revenue is about $87.8M, with roughly $7.5M of EBITDA. It has about 47 employees.
Common questions
- Who owns Kay Electric Cooperative, Inc.?
- Kay Electric Cooperative, Inc. is owned by Heath Lambert (CEO/General Manager), according to public sources such as the company's website or filings.
- How much revenue does Kay Electric Cooperative, Inc. make?
- SeeBITDA estimates Kay Electric Cooperative, Inc.'s annual revenue at about $87.8M (likely between $57.8M and $100.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does Kay Electric Cooperative, Inc. have?
- About 47, as reported on its PPP loan.
- When was Kay Electric Cooperative, Inc. founded?
- Kay Electric Cooperative, Inc. has been in business since 1992.