Tiger Natural Gas, Inc.
How we got $101.8M
Based on its 44 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Some signs of a sale
- In business 35 years (since 1991)
From public records and the company's website, not a statement that it's for sale.
What they do
Tiger Natural Gas, Inc. is a Tulsa, Oklahoma natural gas supplier that says it provides natural gas supply and management services to businesses, including restaurants, grocery stores, and large corporations.
From the company's website. Industry: Natural Gas Distribution.
Customers & suppliers
Customers
- NASA, John C. Stephens Space Center · named on its website
- Defense Energy Service Center · named on its website
- Marshall Elementary School · named on its website
- Bessemer Academy · named on its website
- Iron Gate · named on its website
- Colorado Restaurant Association · named on its website
- California Restaurant Association · named on its website
- New Mexico Restaurant Association · named on its website
- Cheney Brothers · named on its website
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- AVP METRO PETROLEUM LLC · Tulsa, 5 mi · $777.2M
- SGII, INC. · Sapulpa, 12 mi · $608.3M
- LAFERRY'S LP GAS CO · Park Hill, 59 mi · $513.0M
- THE YAFFE COMPANIES INCORPORATED · Muskogee, 41 mi · $509.7M
- W TWO PLUS LLC · Bixby, 11 mi · $496.1M
- MAZZIO'S LLC · Tulsa, 5 mi · $80.0M
- REW III LLC · Tulsa, 6 mi · $70.4M
- HIDEAWAY- 2 INC · Tulsa, 6 mi · $63.9M
- SJK, LLC · Broken Arrow, 10 mi · $48.1M
- WICHITA SDI, LLC · Prague, 56 mi · $46.7M
- Laredo Petroleum · Tulsa, 6 mi · $1.95B
- Aaon, Inc. · Tulsa, 5 mi · $1.44B
- JCL SAFETY SERVICES, LLC · Tulsa, 8 mi · $1.02B
- XCALIBER INTERNATIONAL, LTD · Pryor, 43 mi · $615.4M
- KELVION INC. · Catoosa, 17 mi · $614.3M
Estimated value over time
▲ 29% 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.
Employees over time
▼ 5% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 44 | $57.5M |
| 2020 | Form 5500 | 40 | $52.3M |
| 2021 | Form 5500 | 42 | $54.9M |
| 2022 | Form 5500 | 38 | $49.7M |
| 2023 | Form 5500 | 39 | $51.0M |
| 2024 | Form 5500 | 42 | $54.9M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| TIGER NATURAL GAS, INC. this business | $158.5M | — |
| NGL ENERGY HOLDINGS, LLC Tulsa | $890.8M | 1.6 mi |
| BLUEMARK ENERGY, LLC Tulsa · 23 employees | $70.5M | 3.2 mi |
| FRONTIER ENERGY SERVICES, LLC Tulsa | $10.9M | 4.3 mi |
| DEISENROTH GAS PRODUCTS, INC Tulsa · 5 employees | $5.8M | 5.2 mi |
| SHIPROCK MIDSTREAM LLC DBA WHIPTAIL MIDSTREAM Tulsa | $63.7M | 5.3 mi |
| SCFM COMPRESSION SYSTEMS, INC. Tulsa | $6.5M | 5.5 mi |
The full calculation
| Employees reported to the SBA | 44 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $136.3M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $141.8M |
| Estimate: the two combined (geometric mean) | $158.5M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $13.6M |
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 | $101.8M |
| Multiple for this size and industry | 7.5× |
| Value range | $53.6M – $139.2M |
| Revenue range | $104.3M – $180.7M |
| EBITDA range | $8.9M – $15.5M |
| Industry (NAICS) | Natural Gas Distribution (221210) |
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
“Founded in 1991 as a Minority and Woman-Owned Business, Tiger Natural Gas has over 400 years of collective experience in all areas of the natural gas business.”
Advisors
- LegalHolland & Knight LLPFrom a web search · source
- BankingSecurity 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
| Security Bank PPP 2020 | All 617 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/3/2020 | first | $898K | 44 |
2 locations
| 1422 E 71ST ST | Tulsa | This listing |
| 7812 E 108th St | Tulsa | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Tiger Natural Gas, Inc.
Tiger Natural Gas, Inc. is a natural gas distribution company in Tulsa, Oklahoma, in business since 1991. It is owned by Tamara Walden. Its estimated annual revenue is about $158.5M, with roughly $13.6M of EBITDA. It has about 42 employees. Its estimated business value is $101.8M (likely range $53.6M–$139.2M). It has 2 locations.
Common questions
- Who owns Tiger Natural Gas, Inc.?
- Tiger Natural Gas, Inc. is owned by Tamara Walden, according to public sources such as the company's website or filings.
- How much revenue does Tiger Natural Gas, Inc. make?
- SeeBITDA estimates Tiger Natural Gas, Inc.'s annual revenue at about $158.5M (likely between $104.3M and $180.7M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Tiger Natural Gas, Inc. worth?
- About $101.8M, roughly 7.5× its estimated EBITDA of $13.6M, typical for a natural gas distribution company its size. Likely range: $53.6M–$139.2M.
- How many employees does Tiger Natural Gas, Inc. have?
- About 42, from its 2024 retirement-plan filing.
- When was Tiger Natural Gas, Inc. founded?
- Tiger Natural Gas, Inc. has been in business since 1991.