Explorer Pipeline Company
- Celeste JohnsonGeneral Counsel & Corporate Secretary · Web search
How we got $799.4M
Based on 246 employees on its 2024 401(k) filing.
What we know
Estimated value over time
▲ 30% 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 | Form 5500 | 235 | $341.9M |
| 2021 | Form 5500 | 240 | $349.1M |
| 2022 | Form 5500 | 236 | $343.3M |
| 2023 | Form 5500 | 242 | $352.0M |
| 2024 | Form 5500 | 246 | $357.9M |
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 |
|---|---|---|
| EXPLORER PIPELINE COMPANY this business | $619.2M | — |
| SCISSORTAIL ENERGY MANAGEMENT CORPORATION Tulsa | $8.2M | 0.2 mi |
| PATRIOT PIPE & SUPPLY LLC Broken Arrow | $5.4M | 9.3 mi |
| FLINT EQUIPMENT LLC Cushing | $5.9M | 45.6 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $799.4M |
| Multiple for this size and industry | 8.5× |
| Value range | $417.8M – $1.17B |
| Employees in its retirement plan (2024 Form 5500) | 246 |
| Industry revenue per employee | $1.5M |
| Revenue = employees × revenue per employee | $619.2M |
| EBITDA margin (industry, adjusted for size) | 15% |
| EBITDA = revenue × margin | $94.1M |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $404.4M – $758.3M |
| EBITDA range | $61.4M – $115.2M |
| Industry (NAICS) | Pipeline Transportation (486000) |
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 the company's Form 5500 retirement-plan filing. Full methodology
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Explorer Pipeline Company
Explorer Pipeline Company is a pipeline transportation company in Tulsa, Oklahoma. It is owned by Dolin Argo (Vice President & Chief Operating Officer). Its estimated annual revenue is about $619.2M, with roughly $94.1M of EBITDA. It has about 246 employees. Its estimated business value is $799.4M (likely range $417.8M–$1.17B).
Common questions
- Who owns Explorer Pipeline Company?
- Explorer Pipeline Company is owned by Dolin Argo (Vice President & Chief Operating Officer), according to public sources such as the company's website or filings.
- How much revenue does Explorer Pipeline Company make?
- SeeBITDA estimates Explorer Pipeline Company's annual revenue at about $619.2M (likely between $404.4M and $758.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Explorer Pipeline Company worth?
- About $799.4M, roughly 8.5× its estimated EBITDA of $94.1M, typical for a pipeline transportation company its size. Likely range: $417.8M–$1.17B.
- How many employees does Explorer Pipeline Company have?
- About 246, from its 2024 retirement-plan filing.