Shiprock Midstream LLC DBA Whiptail Midstream
How we got $35.5M
Based on 22 employees on its 2024 401(k) filing.
Estimated value over time
▲ 71% 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
▲ 38% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 16 | $20.9M |
| 2021 | Form 5500 | 16 | $20.9M |
| 2022 | Form 5500 | 24 | $31.4M |
| 2023 | Form 5500 | 28 | $36.6M |
| 2024 | Form 5500 | 22 | $28.8M |
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.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 21% since 2023 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SHIPROCK MIDSTREAM LLC DBA WHIPTAIL MIDSTREAM this business | $63.7M | — |
| DEISENROTH GAS PRODUCTS, INC Tulsa · 5 employees | $5.8M | 1.3 mi |
| Oklahoma Natural Gas Tulsa | $1.8M | 4.4 mi |
| BLUEMARK ENERGY, LLC Tulsa · 23 employees | $70.5M | 4.6 mi |
| FRONTIER ENERGY SERVICES, LLC Tulsa | $10.9M | 4.7 mi |
| TIGER NATURAL GAS, INC. Tulsa · 44 employees | $158.6M | 5.3 mi |
| NGL ENERGY HOLDINGS, LLC Tulsa | $890.8M | 5.5 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 | $35.5M |
| Multiple for this size and industry | 6.5× |
| Value range | $18.5M – $52.1M |
| Employees in its retirement plan (2024 Form 5500) | 22 |
| Industry revenue per employee | $1.3M |
| Revenue = employees × revenue per employee | $63.7M |
| EBITDA margin (industry, adjusted for size) | 9% |
| EBITDA = revenue × margin | $5.5M |
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 | $41.6M – $78.1M |
| EBITDA range | $3.6M – $6.7M |
| 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. These are statistical estimates, not reported financials. Listing details come from the company's Form 5500 retirement-plan filing. Full methodology
About Shiprock Midstream LLC DBA Whiptail Midstream
Shiprock Midstream LLC DBA Whiptail Midstream is a natural gas distribution company in Tulsa, Oklahoma. Its estimated annual revenue is about $63.7M, with roughly $5.5M of EBITDA. It has about 22 employees. Its estimated business value is $35.5M (likely range $18.5M–$52.1M).
Common questions
- Who owns Shiprock Midstream LLC DBA Whiptail Midstream?
- The owner of Shiprock Midstream LLC DBA Whiptail Midstream 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 Shiprock Midstream LLC DBA Whiptail Midstream make?
- SeeBITDA estimates Shiprock Midstream LLC DBA Whiptail Midstream's annual revenue at about $63.7M (likely between $41.6M and $78.1M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Shiprock Midstream LLC DBA Whiptail Midstream worth?
- About $35.5M, roughly 6.5× its estimated EBITDA of $5.5M, typical for a natural gas distribution company its size. Likely range: $18.5M–$52.1M.
- How many employees does Shiprock Midstream LLC DBA Whiptail Midstream have?
- About 22, from its 2024 retirement-plan filing.