Southern Cross Royalty L.P.
How we got $15.4M
Based on its 4 employees and its payroll, both reported for PPP in 2021 and brought up to date.
Estimated value over time
▲ 23% since 2021Today'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 |
|---|---|---|
| SOUTHERN CROSS ROYALTY L.P. this business | $13.4M | — |
| JOE BOB DRAKE ENERGY, LLC Davis · 1 employees | $2.7M | 5.2 mi |
| JACK EXPLORATION INC Sulphur · 2 employees | $5.2M | 8.0 mi |
| WILDHORSE OPERATING COMPANY Ardmore · 6 employees | $18.7M | 13.3 mi |
| HHH CONSTRUCTION Wynnewood · 3 employees | $13.9M | 13.6 mi |
| HELLER OIL INC Ardmore · 2 employees | $5.8M | 14.8 mi |
| YORKIE INVESTMENTS LLC Wynnewood · 3 employees | $8.4M | 14.9 mi |
The full calculation
| Employees reported to the SBA | 4 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $15.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $8.8M |
| Estimate: the two combined (geometric mean) | $13.4M |
| EBITDA margin (industry, adjusted for size) | 24% |
| EBITDA = revenue × margin | $3.3M |
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 | $15.4M |
| Multiple for this size and industry | 4.7× |
| Value range | $8.1M – $21.0M |
| Revenue range | $8.8M – $15.3M |
| EBITDA range | $2.2M – $3.7M |
| Industry (NAICS) | Crude Petroleum Extraction (211120) |
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
- BankingCitizens Bank and Trust Company of ArdmorePPP / 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 Roles are as stated there and may be out of date.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
| Citizens Bank and Trust Company of Ardmore PPP 2021 | All 181 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/26/2021 | second | $46K | 4 |
About Southern Cross Royalty L.P.
Southern Cross Royalty L.P. is a crude petroleum extraction company in Davis, Oklahoma. Its estimated annual revenue is about $13.4M, with roughly $3.3M of EBITDA. It has about 4 employees. Its estimated business value is $15.4M (likely range $8.1M–$21.0M).
Common questions
- Who owns Southern Cross Royalty L.P.?
- The owner of Southern Cross Royalty L.P. 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 Southern Cross Royalty L.P. make?
- SeeBITDA estimates Southern Cross Royalty L.P.'s annual revenue at about $13.4M (likely between $8.8M and $15.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Southern Cross Royalty L.P. worth?
- About $15.4M, roughly 4.7× its estimated EBITDA of $3.3M, typical for a crude petroleum extraction company its size. Likely range: $8.1M–$21.0M.
- How many employees does Southern Cross Royalty L.P. have?
- About 4, as reported on its PPP loan.