Foster Energy LLC
How we got $145.3M
Based on its 25 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
- Headcount down 68% since 2021 (retirement plan filings)
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.
Employees over time
▼ 52% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 25 | $127.8M |
| 2020 | Form 5500 | 20 | $102.2M |
| 2021 | Form 5500 | 38 | $194.2M |
| 2022 | Form 5500 | 28 | $143.1M |
| 2023 | Form 5500 | 12 | $61.3M |
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 |
|---|---|---|
| FOSTER ENERGY LLC this business | $544.3M | — |
| SUMMIT FUELS, INC. Edmond · 3 employees | $56.2M | 0.1 mi |
| LMR HOLDINGS, LLC Edmond · 6 employees | $47.8M | 1.8 mi |
| CROSSROLL, INC. Edmond · 2 employees | $15.7M | 5.9 mi |
| PIONEER TRUCKING, LLC Oklahoma City · 9 employees | $165.7M | 6.8 mi |
| AMERICAN BUTANE AND PROPANE GAS COMPANY Oklahoma City · 12 employees | $173.5M | 7.1 mi |
| ENERGY FINANCIAL AND PHYSICAL, LP Oklahoma City · 11 employees | $167.1M | 9.7 mi |
The full calculation
| Employees reported to the SBA | 25 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $436.0M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $522.7M |
| Estimate: the two combined (geometric mean) | $544.3M |
| EBITDA margin (industry, adjusted for size) | 4% |
| EBITDA = revenue × margin | $20.5M |
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 | $145.3M |
| Multiple for this size and industry | 7.1× |
| Value range | $76.5M – $198.8M |
| Revenue range | $358.0M – $620.6M |
| EBITDA range | $13.5M – $23.3M |
| Industry (NAICS) | Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals) (424720) |
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
- BankingFirst Oklahoma 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
| First Oklahoma Bank 7(a) 2020, PPP 2020, PPP 2021 | All 695 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $496K | 25 |
| 1/21/2021 | second | $313K | 19 |
Public records
| May 2020 | 7(a) | $4.8M |
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Foster Energy LLC
Foster Energy LLC is a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company in Edmond, Oklahoma. Its estimated annual revenue is about $544.3M, with roughly $20.5M of EBITDA. It has about 12 employees. Its estimated business value is $145.3M (likely range $76.5M–$198.8M).
Common questions
- Who owns Foster Energy LLC?
- The owner of Foster Energy 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 Foster Energy LLC make?
- SeeBITDA estimates Foster Energy LLC's annual revenue at about $544.3M (likely between $358.0M and $620.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Foster Energy LLC worth?
- About $145.3M, roughly 7.1× its estimated EBITDA of $20.5M, typical for a petroleum and petroleum products merchant wholesalers (except bulk stations and terminals) company its size. Likely range: $76.5M–$198.8M.
- How many employees does Foster Energy LLC have?
- About 12, from its 2023 retirement-plan filing.