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Oil and gas

LPG distributor financial model, built free.

A three-statement Excel model for an LPG and propane distributor, built from your own figures and checked to balance.

  • Free account
  • No card
  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Sources LPG or propane and delivers it in bulk tanks and cylinders to homes, businesses and autogas sites, earning a unit margin on volumes that swing with winter heating demand, plus tank and cylinder rental.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
LPG distributor sample model.xlsx
The Summary sheet of the sample LPG distributor model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for an LPG distributor.

  1. How it earns revenue3 formulas
    Wholesale fuel revenue and product cost · The business
    Wholesale and commercial fuel salesWholesale and commercial fuel volumefrom wholesale and commercial fuel volumesSelling price per litre
    Wholesale fuel revenue and product cost · The business
    Fuel product costWholesale and commercial fuel salesFuel gross margin
    Wholesale fuel revenue and product cost · The business
    Fuel gross marginWholesale and reseller marginCommercial and mining marginAviation marginMarine marginDealer supply marginMargin on volume not split by channel (blended)
  2. What drives its costs3 formulas
    Hydrocarbon inventory and price effects · The business
    Crude and product inventoryCrude and feedstock stocksRefined product stocks
    Operating expenses · The business
    Total FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
    Operating expenses · The business
    Total average FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
  3. What it invests in3 formulas
    Corporate fixed assets
    Capital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
    Corporate fixed assets
    DepreciationDepreciation of the opening asset baseDepreciation of new capex
    Corporate fixed assets
    Closing net book valueOpening net book valueCapital expenditureDepreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

16 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Operating expensesHeadcount build by function
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • Corporate fixed assetsStraight-line over remaining life
  • DebtAmortising term loan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • Hydrocarbon inventory and price effectsDays of cover at replacement costCrude and product stocks and the gains or losses from valuing them at historical versus replacement cost when prices move.
  • Wholesale and commercial fuel volumesVolumes by channelLitres (or tonnes or gallons) sold through wholesale, commercial, aviation, marine and dealer channels.
  • Wholesale fuel revenue and product costVolume × price with margin in cents per litreRevenue from fuel sold outside the company's own sites and the cost of product, giving the distribution margin.
  • Terminal, freight and delivery costsDistribution cost per litreThe cost of receiving, storing and delivering fuel — import terminals, road and rail freight, and bulk and cylinder delivery fleets.
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Discount rate (WACC)CAPM at target gearing
Key numbers

The numbers it tracks.

  1. 01volumes (tonnes or gallons)
  2. 02unit margin
  3. 03heating degree days versus normal
  4. 04customers and tanks
  5. 05EBITDA
  6. 06distribution cover
Used for

What it is used for.

Also used for
  • Scenarios and sensitivities
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Looking for an LPG distributor financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.