Stevens Propane Company
How we got $4.4M
Based on its 2 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 23 years (since 2003)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▲ 23% 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 |
|---|---|---|
| STEVENS PROPANE COMPANY this business | $24.7M | — |
| CLAYTON PROPANE LLC Seiling · 12 employees | $102.9M | 47.4 mi |
| FOUR-S, INC Buffalo · 3 employees | $37.5M | 50.5 mi |
| J & J SALES COMPANY INC Elk City · 1 employees | $14.5M | 54.6 mi |
| BECK AND ROOT PROPANE COMPANY Canute · 13 employees | $153.9M | 56.2 mi |
| ELMER SMITH OIL COMPANY Clinton · 46 employees | $798.5M | 63.3 mi |
The full calculation
| Employees reported to the SBA | 2 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $34.9M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $13.4M |
| Estimate: the two combined (geometric mean) | $24.7M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $1.0M |
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 | $4.4M |
| Multiple for this size and industry | 4.3× |
| Value range | $2.3M – $6.1M |
| Revenue range | $16.2M – $28.2M |
| EBITDA range | $681K – $1.2M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
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
- BankingFarmers and Merchants 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
| Farmers and Merchants Bank PPP 2020 | All 20 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/27/2020 | first | $16K | 2 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Stevens Propane Company
Stevens Propane Company is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Arnett, Oklahoma, in business since 2003. Its estimated annual revenue is about $24.7M, with roughly $1.0M of EBITDA. It has about 2 employees. Its estimated business value is $4.4M (likely range $2.3M–$6.1M).
Common questions
- Who owns Stevens Propane Company?
- The owner of Stevens Propane Company 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 Stevens Propane Company make?
- SeeBITDA estimates Stevens Propane Company's annual revenue at about $24.7M (likely between $16.2M and $28.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Stevens Propane Company worth?
- About $4.4M, roughly 4.3× its estimated EBITDA of $1.0M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $2.3M–$6.1M.
- How many employees does Stevens Propane Company have?
- About 2, as reported on its PPP loan.
- When was Stevens Propane Company founded?
- Stevens Propane Company has been in business since 2003.