Earnheart Propane
How we got $968K
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale Some signs of a sale
- In business 55 years (since 1971)
From public records and the company's website, not a statement that it's for sale.
What they do
Earnheart Propane is a family-owned propane company in Central Oklahoma that delivers propane and installs and services propane equipment for homes and businesses.
From the company's website. Industry: Fuel Dealers.
Customers & suppliers
Suppliers & brands
- Empire · 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, 25 mi · $60.2M
- LAZY J ARENA, LLC · Stillwater, 30 mi · $30.7M
- FIRE LEAF ENTERPRISES LLC · Oklahoma City, 48 mi · $30.1M
- EXPRESS RANCHES INC · Yukon, 43 mi · $18.0M
- SOUTHERN PLAINS LIVESTOCK AUCTION, INC. · Blackwell, 48 mi · $14.9M
- FARMERS COOPERATIVE · Carmen, 57 mi · $20.8M
- SOONER COOPERATIVE INC · Okeene, 40 mi · $15.4M
- J AND S DISTRIBUTIONS LLC · Oklahoma City, 50 mi · $8.6M
- 190 SELF STORAGE MANAGEMENT CO, INC. · Mustang, 53 mi · $8.3M
- ACE TRANSFER & STORAGE CO · Oklahoma City, 49 mi · $7.7M
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Earnheart Propane this business | $3.0M | — |
| Blue Rhino Propane Exchange Hennessey | $9.6M | 16.8 mi |
| Blue Rhino Propane Exchange Perry | $9.6M | 17.9 mi |
| Blue Rhino Propane Exchange Perry | $9.6M | 19.7 mi |
| Blue Rhino Propane Exchange Enid | $9.6M | 21.9 mi |
| Blue Rhino Propane Exchange Kingfisher | $9.6M | 27.3 mi |
| Blue Rhino Propane Exchange Stillwater | $9.6M | 30.0 mi |
The full calculation
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 | $968K |
| Multiple for this size and industry | 2.4× |
| Value range | $164K – $1.9M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Fuel Dealers businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (13%). Treat these as a rough guide.
| Revenue range | $643K – $5.1M |
| EBITDA range | $85K – $673K |
| Industry (NAICS) | Fuel Dealers (457210) |
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. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
History & advisors
“It was also the year that Ernest Earnheart opened a full-service gas station in Marshall, Oklahoma.”
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.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Earnheart Propane
Earnheart Propane is a family-owned fuel dealers company in Marshall, Oklahoma, in business since 1971. Its estimated annual revenue is about $3.0M, with roughly $403K of EBITDA. Its estimated business value is $968K (likely range $164K–$1.9M).
Common questions
- Who owns Earnheart Propane?
- The owner of Earnheart Propane 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 Earnheart Propane make?
- SeeBITDA estimates Earnheart Propane's annual revenue at about $3.0M (likely between $643K and $5.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Earnheart Propane worth?
- About $968K, roughly 2.4× its estimated EBITDA of $403K, typical for a fuel dealers company its size. Likely range: $164K–$1.9M.
- When was Earnheart Propane founded?
- Earnheart Propane has been in business since 1971.