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Exhibit 99.1
 NRP (GP) LP
 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
      
 1




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NRP (GP) LP
 CONSOLIDATED BALANCE SHEETS
(In thousands)
 ASSETS
 December 31,
    
    
    December 31,2007
    
    
    2006Current assets:Cash and cash equivalents
    
    $
    61,542
    
    
    $
    66,763Restricted cash
    
    
    6,240
    
    
    
    Accounts receivable
    
    
    27,644
    
    
    
    23,358Accounts receivable  affiliate
    
    
    1,005
    
    
    
    21Other
    
    
    1,009
    
    
    
    1,411Total current assets
    
    
    97,440
    
    
    
    91,553Land
    
    
    24,343
    
    
    
    17,781Plant and equipment, net
    
    
    61,441
    
    
    
    29,615Coal and other mineral rights, net
    
    
    1,030,088
    
    
    
    798,135Intangible assets
    
    
    106,222
    
    
    
    Loan financing costs, net
    
    
    3,098
    
    
    
    2,197Other assets
    
    
    601
    
    
    
    932Total assets
    
    $
    1,323,233
    
    
    $
    940,213LIABILITIES AND PARTNERS CAPITALCurrent liabilities:Accounts payable and accrued liabilities
    
    $
    2,567
    
    
    $
    1,041Accounts payable  affiliate
    
    
    104
    
    
    
    105Current portion of long-term debt
    
    
    17,234
    
    
    
    9,542Accrued incentive plan expenses  current portion
    
    
    5,223
    
    
    
    5,850Property, franchise and other taxes payable
    
    
    6,415
    
    
    
    4,330Accrued interest
    
    
    6,276
    
    
    
    3,846Total current liabilities
    
    
    37,819
    
    
    
    24,714Deferred revenue
    
    
    36,286
    
    
    
    20,654Asset retirement obligation
    
    
    39
    
    
    
    Accrued incentive plan expenses
    
    
    6,469
    
    
    
    4,579Long-term debt
    
    
    496,057
    
    
    
    454,291Minority interest
    
    
    731,113
    
    
    
    424,300Partners capital:Limited partners interest
    
    
    16,148
    
    
    
    12,424General partners interest
    
    
    1
    
    
    
    2Accumulated other comprehensive loss
    
    
    (699
    )
    
    
    (751
    )Total partners capital
    
    
    15,450
    
    
    
    11,675Total liabilities and partners capital
    
    $
    1,323,233
    
    
    $
    940,213
  2




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NRP (GP) LP
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 1. Basis of Presentation and Organization
   2. Summary of Significant Accounting Policies
 Principles of Consolidation
  Business Combinations
  3




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Use of Estimates
  Cash Equivalents and Restricted Cash
  Accounts Receivable
  Land, Coal and Mineral Rights
  Plant and Equipment
  Asset Impairment
  Concentration of Credit Risk
  4




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Fair Value of Financial Instruments
   Deferred Financing Costs
  Share-Based Payment
 Share-Based
Payment,
 New Accounting Standard
 The Fair Value Option for Financial Assets and
Financial LiabilitiesIncluding an amendment of FASB Statement No. 115
 3. Acquisitions and Business Combinations
  5




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Dingess-Rum
    
    Cline(In thousands)Land, plant and equipment
    
    $
    7,935
    
    
    $
    17,783Coal and other mineral rights
    
    
    105,573
    
    
    
    98,866Other assets
    
    
    
    
    
    
    72Intangible assets
    
    
    
    
    
    
    107,557Equity consideration
    
    
    113,396
    
    
    
    216,668Assets contributed by General Partner
    
    
    
    
    
    
    4,422Transaction costs and liabilities assumed
    
    
    112
    
    
    
    3,188
 4. Allowance for Doubtful Accounts
  2007
    
    
    2006
    
    
    2005(In thousands)Balance, January 1
    
    $
    906
    
    
    $
    85
    
    
    $
    185Provision charged to operations:Accounts charged off
    
    
    871
    
    
    
    822
    
    
    
    30Recovery of prior charge offs.
    
    
    (505
    )
    
    
    (1
    )
    
    
    (130
    )Balance, December 31
    
    $
    1,272
    
    
    $
    906
    
    
    $
    85
 5. Plant and Equipment
  December 31,
    
    
    December 31,2007
    
    
    2006(In thousands)Plant construction in process
    
    $
    11,238
    
    
    $
    Plant and equipment at cost
    
    
    54,758
    
    
    
    30,266Less accumulated depreciation
    
    
    (4,555
    )
    
    
    (651
    )Net book value
    
    $
    61,441
    
    
    $
    29,615
 6




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6. Coal and Other Mineral Rights
  December 31,
    
    
    December 31,2007
    
    
    2006(In thousands)Coal and other mineral rights
    
    $
    1,247,814
    
    
    $
    970,342Less accumulated depletion and amortization
    
    
    (217,726
    )
    
    
    (172,207
    )Net book value
    
    $
    1,030,088
    
    
    $
    798,135
 7. Intangible Assets
  As of December 31, 2007Gross Carrying
    
    
    AccumulatedAmount
    
    
    Amortization(In thousands)Finite-lived intangible assetsAbove market transportation contracts
    
    $
    82,276
    
    
    $
    1,045Above market coal leases
    
    
    25,281
    
    
    
    290$
    107,557
    
    
    $
    1,335
 7




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8. Long-Term Debt
  December 31,
    
    
    December 31,2007
    
    
    2006(In thousands)$300 million floating rate revolving credit facility, due March 2012
    
    $
    48,000
    
    
    $
    214,0005.55% senior notes, with semi-annual interest payments in June and
December, maturing June 2013
    
    
    35,000
    
    
    
    35,0004.91% senior notes, with semi-annual interest payments in June and
December, with annual principal payments in June, maturing in June 2018
    
    
    55,800
    
    
    
    61,8505.05% senior notes, with semi-annual interest payments in January and
July, with scheduled principal payments beginning July 2008, maturing in
July 2020
    
    
    100,000
    
    
    
    100,0005.31% utility local improvement obligation, with annual principal and
interest payments, maturing in March 2021
    
    
    2,691
    
    
    
    2,8835.55% senior notes, with semi-annual interest payments in June and
December, with annual principal payments in June, maturing in June 2023
    
    
    46,800
    
    
    
    50,1005.82% senior notes, with semi-annual interest payments in March and
September, with scheduled principal payments beginning March 2010,
maturing in March 2024
    
    
    225,000
    
    
    
    Total debt
    
    
    513,291
    
    
    
    463,833Less  current portion of long term debt
    
    
    (17,234
    )
    
    
    (9,542
    )Long-term debt
    
    $
    496,057
    
    
    $
    454,291
  2008
    
    $
    17,2342009
    
    
    17,2342010
    
    
    32,2342011
    
    
    31,5172012
    
    
    78,801Thereafter
    
    
    336,271$
    513,291
     9. Related Party Transactions
 Reimbursements to NRP (GP) LP
  8




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Transactions with Cline Affiliates
   Quintana Energy Partners, L.P.
    10. Commitments and Contingencies
 Legal
  9




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Environmental Compliance
  11. Incentive Plans
    Outstanding grants at the beginning of the period
    
    
    515,220Grants during the period
    
    
    174,002Grants vested and paid during the period
    
    
    (181,356
    )Forfeitures during the period
    
    
    (400
    )Outstanding grants at the end of the period
    
    
    507,466
  10




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12. Subsequent Events (Unaudited)
 Distributions
  Incentive Plans
  11