Mid-Con Energy Services Inc.
How we got $4.6M
Based on its 30 employees and its payroll, both reported for PPP in 2020 and brought up to date.
Estimated value over time
▲ 43% 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
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| MID-CON ENERGY SERVICES INC. this business | $13.8M | — |
| Matrix Service Catoosa | $2.0M | 1.2 mi |
| CLINTCO LLC Ponca City · 3 employees | $1.5M | 1.8 mi |
| SOBER BROTHERS INC Ponca City · 21 employees | $11.9M | 2.9 mi |
| EVANS & ASSOCIATES UTILITY SERVICES INC Ponca City · 70 employees | $26.4M | 4.7 mi |
| ROPER COMPANY, LLC Fairfax · 4 employees | $1.7M | 18.7 mi |
| Gary May Drilling Inc Perry | $5.8M | 34.4 mi |
The full calculation
| Employees reported to the SBA | 30 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $11.5M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $12.7M |
| Estimate: the two combined (geometric mean) | $13.8M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $1.4M |
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 | $4.6M |
| Multiple for this size and industry | 3.4× |
| Value range | $2.4M – $6.3M |
| Revenue range | $9.1M – $15.7M |
| EBITDA range | $888K – $1.5M |
| Industry (NAICS) | Power and Communication Line and Related Structures Construction (237130) |
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
- BankingInterBankPPP / 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 Roles are as stated there and may be out of date.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
| InterBank PPP 2020 | All 585 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 | $382K | 30 |
About Mid-Con Energy Services Inc.
Mid-Con Energy Services Inc. is a power and communication line and related structures construction company in Ponca City, Oklahoma. Its estimated annual revenue is about $13.8M, with roughly $1.4M of EBITDA. It has about 30 employees. Its estimated business value is $4.6M (likely range $2.4M–$6.3M).
Common questions
- Who owns Mid-Con Energy Services Inc.?
- The owner of Mid-Con Energy Services Inc. 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 Mid-Con Energy Services Inc. make?
- SeeBITDA estimates Mid-Con Energy Services Inc.'s annual revenue at about $13.8M (likely between $9.1M and $15.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Mid-Con Energy Services Inc. worth?
- About $4.6M, roughly 3.4× its estimated EBITDA of $1.4M, typical for a power and communication line and related structures construction company its size. Likely range: $2.4M–$6.3M.
- How many employees does Mid-Con Energy Services Inc. have?
- About 30, as reported on its PPP loan.