Spartan Energy Services, LLC
How we got $7.4M
Based on 19 employees on its 2024 401(k) filing.
What we know
Signs of a sale Unlikely to sell soon
- Headcount down 83% since 2022 (retirement plan filings)
From public records and the company's website, not a statement that it's for sale.
Estimated value over time
▼ 81% since 2022Today'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
▼ 83% since 2022Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2022 | Form 5500 | 112 | $146.4M |
| 2023 | Form 5500 | 67 | $87.6M |
| 2024 | Form 5500 | 19 | $24.8M |
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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPARTAN ENERGY SERVICES, LLC this business | $16.9M | — |
| FLYWHEEL ENERGY MANAGEMENT, LLC Oklahoma | $731.0M | 1.3 mi |
| UNITED PETROLEUM TRANSPORTS, INC. Oklahoma City · 417 employees | $695.6M | 3.4 mi |
| CLEARWATER ENTERPRISES, L.L.C. Oklahoma City · 22 employees | $71.0M | 4.6 mi |
| CROSSBOW PRODUCTION COMPANY, L.L.C. Edmond | $4.3M | 10.6 mi |
| WARD PETROLEUM CORPORATION Oklahoma City · 18 employees | $12.4M | 10.9 mi |
| JAK DISTRIBUTION LLC Noble · 3 employees | $3.4M | 23.7 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $7.4M |
| Multiple for this size and industry | 4.5× |
| Value range | $4.7M – $13.4M |
| Employees in its retirement plan (2024 Form 5500) | 19 |
| Industry revenue per employee | $1.3M |
| Revenue = employees × revenue per employee | $16.9M |
| EBITDA margin (industry, adjusted for size) | 10% |
| EBITDA = revenue × margin | $1.6M |
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 | $13.5M – $25.3M |
| EBITDA range | $1.3M – $2.5M |
| 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. These are statistical estimates, not reported financials. Listing details come from the company's Form 5500 retirement-plan filing. Full methodology
About Spartan Energy Services, LLC
Spartan Energy Services, LLC is a natural gas distribution company in Oklahoma City, Oklahoma. Its estimated annual revenue is about $16.9M, with roughly $1.6M of EBITDA. It has about 19 employees. Its estimated business value is $7.4M (likely range $4.7M–$13.4M).
Common questions
- Who owns Spartan Energy Services, LLC?
- The owner of Spartan Energy Services, LLC 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 Spartan Energy Services, LLC make?
- SeeBITDA estimates Spartan Energy Services, LLC's annual revenue at about $16.9M (likely between $13.5M and $25.3M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spartan Energy Services, LLC worth?
- About $7.4M, roughly 4.5× its estimated EBITDA of $1.6M, typical for a natural gas distribution company its size. Likely range: $4.7M–$13.4M.
- How many employees does Spartan Energy Services, LLC have?
- About 19, from its 2024 retirement-plan filing.