Alliance Holdings slips in rankings
TULSA — It seems investors weren't looking for a long-term buy last year.
Alliance Holdings GP LP, which owns the assets and incentive distribution rights of coal producer Alliance Resource Partners LP, finished behind its corporate sibling in the 2011 Oklahoma Inc. rankings.
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Alliance Holdings was No. 6 on the annual list of Oklahoma's top public companies due to a 24 percent increase in revenues, but it was one slot behind Alliance Resource Partners.
CEO Joseph W. Craft III said the master limited partnerships offer two ways to invest in the performance of the operating assets of Alliance Coal LLC.
Officials have estimated that 10 percent growth for Alliance Resource Partners — ARLP — will translate into 14 percent growth for the holding company, AHGP, so picking which one to invest in depends on what people want out of their portfolio.
AHGP's holdings make it a good long-term investment, while its counterpart is the more likely choice of those seeking immediate dividends, officials said.
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