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Energy dominates Oklahoma Inc. list, but manufacturer takes top spot

More than two-thirds of the state's publicly traded companies are in the energy sector, but this year's top spot in the Oklahoma Inc. rankings went to a firm that survived by reducing its exposure to the energy industry.
BY DON MECOY Published: November 13, 2011

Rankings explained

While shareholders are most interested in the return on their investments, Oklahoma Inc. tracks two other metrics to rank the state's public companies.

The 36 state-based firms that trade on major exchanges are ranked by each of the three measures, and the company that achieves the best overall rankings collects the top spot.

Total return to investors includes gains or losses in stock price plus any dividends. As noted above, LSB Industries was a clear leader in this category.

LSB also topped the rankings in terms of earnings per share growth, registering a robust 725 percent gain.

Oklahoma City's SandRidge Energy recorded the biggest gain in revenue at nearly 76 percent.

The Oklahoma Inc. methodology rewards companies that grow quickly, boost profits and benefit shareholders. Typically it is rare for a corporation to do all three simultaneously. However, this year's top eight overall companies ranked in the top 10 in each of the three categories.

In our latest rankings, there is a clear divide between the good, the not so good and the poor performers.

Best of the rest

Gulfport Energy Corp., an Oklahoma City producer of oil and natural gas, claimed the No. 2 ranking with the second-best performance in shareholder return and revenue growth combined with a No. 4 ranking in earnings growth.

SandRidge, in addition to its top performance in revenue growth mentioned above, earned the No. 3 overall ranking by finishing in the top five across the board.

Helmerich & Payne, the longtime Tulsa-based contract oil and natural gas driller, earned points for consistency with top four rankings in all three categories.

Alliance Resource Partners LP, a coal producer and marketer based in Tulsa, ranked fifth in shareholder returns, seventh in revenue growth and eighth in earnings growth to claim the No. 5 Oklahoma Inc. ranking.

Economic concerns, including a potential default on U.S. debt, have dominated headlines and affected markets since June 30, the date that these corporate numbers were compiled.