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




---



##### 



NRP (GP) LP
 CONSOLIDATED BALANCE SHEETS
(In thousands)
 ASSETS
 December 31,
    
    
    December 31,2008
    
    
    2007Current assets:Cash and cash equivalents
    
    $
    93,759
    
    
    $
    61,542Restricted cash
    
    
    
    
    
    
    6,240Accounts receivable
    
    
    31,884
    
    
    
    27,644Accounts receivable  affiliate
    
    
    1,351
    
    
    
    1,005Other
    
    
    934
    
    
    
    1,009Total current assets
    
    
    127,928
    
    
    
    97,440Land
    
    
    24,343
    
    
    
    24,343Plant and equipment, net
    
    
    67,204
    
    
    
    61,441Coal and other mineral rights, net
    
    
    979,692
    
    
    
    1,030,088Intangible assets
    
    
    102,828
    
    
    
    106,222Loan financing costs, net
    
    
    2,679
    
    
    
    3,098Other assets
    
    
    498
    
    
    
    601Total assets
    
    $
    1,305,172
    
    
    $
    1,323,233LIABILITIES AND PARTNERS CAPITALCurrent liabilities:Accounts payable and accrued liabilities
    
    $
    861
    
    
    $
    2,606Accounts payable  affiliate
    
    
    365
    
    
    
    104Current portion of long-term debt
    
    
    17,235
    
    
    
    17,234Accrued incentive plan expenses  current portion
    
    
    4,973
    
    
    
    5,223Property, franchise and other taxes payable
    
    
    6,122
    
    
    
    6,415Accrued interest
    
    
    6,419
    
    
    
    6,276Total current liabilities
    
    
    35,975
    
    
    
    37,858Deferred revenue
    
    
    40,754
    
    
    
    36,286Accrued incentive plan expenses
    
    
    4,242
    
    
    
    6,469Long-term debt
    
    
    478,822
    
    
    
    496,057Minority interest
    
    
    728,841
    
    
    
    731,113Partners capital:Limited partners interest
    
    
    17,185
    
    
    
    16,148General partners interest
    
    
    1
    
    
    
    1Accumulated other comprehensive loss
    
    
    (648
    )
    
    
    (699
    )Total partners capital
    
    
    16,538
    
    
    
    15,450Total liabilities and partners capital
    
    $
    1,305,172
    
    
    $
    1,323,233
  2




---



##### 



NRP (GP) LP
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
 1. Basis of Presentation and Organization
   2. Summary of Significant Accounting Policies
 Principles of Consolidation
  Reclassification
  Business Combinations
  Fair Value Measurements
 Fair Value Measurements
  
    
    Level 1  Quoted prices in active markets for identical assets or
liabilities.
    
    Level 2  Observable inputs other than Level 1 prices, such as quoted prices
for similar assets or liabilities; quoted prices in markets that are not active; or
other inputs that are observable or
 3




---



##### 



can be corroborated by observable market data for
substantially the full term of the assets or liabilities.
 
    
    Level 3  Unobservable inputs that are supported by little or no market
activity and that are significant to the fair value of the assets or liabilities.
Level 3 assets and liabilities include financial instruments whose value is determined
using pricing models, discounted cash flow methodologies, or similar techniques, as
well as instruments for which the determination of fair value requires significant
management judgment or estimation.
  Use of Estimates
  Cash Equivalents and Restricted Cash
  Accounts Receivable
  Land, Coal and Mineral Rights
  4




---



##### 



Plant and Equipment
  Asset Impairment
  Concentration of Credit Risk
  Deferred Financing Costs
  New Accounting Standard
 Fair Value Measurements. Effective Date of FASB
Statement No. 157,
 The Fair Value Option for Financial
Assets and Financial Liabilities
 Business Combinations
 5




---



##### 



Non-controlling Interests in Consolidated
Financial Statements,
 3. Acquisitions and Business Combinations
   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
  2008
    
    
    2007(In thousands)Balance, January 1
    
    $
    1,272
    
    
    $
    906Provision charged to operations:Additions to the reserve
    
    
    366
    
    
    
    871Collection of previously reserved accounts
    
    
    (1,037
    )
    
    
    (505
    )Total charged (credited) to operations
    
    
    (671
    )
    
    
    366Non-recoverable balances written off
    
    
    (235
    )
    
    
    Balance, December 31
    
    $
    366
    
    
    $
    1,272
 6




---



##### 



5. Plant and Equipment
  December 31,
    
    
    December 31,2008
    
    
    2007(In thousands)Plant construction in process
    
    $
    8,524
    
    
    $
    11,238Plant and equipment at cost
    
    
    68,197
    
    
    
    54,758Less accumulated depreciation
    
    
    (9,517
    )
    
    
    (4,555
    )Net book value
    
    $
    67,204
    
    
    $
    61,441
 6. Coal and Other Mineral Rights
  December 31,
    
    
    December 31,2008
    
    
    2007(In thousands)Coal and other mineral rights
    
    $
    1,253,314
    
    
    $
    1,247,814Less accumulated depletion and amortization
    
    
    (273,622
    )
    
    
    (217,726
    )Net book value
    
    $
    979,692
    
    
    $
    1,030,088
 7. Intangible Assets
  As of December 31, 2008GrossCarrying
    
    
    AccumulatedAmount
    
    
    Amortization(In thousands)Finite-lived intangible assetsAbove market transportation contracts
    
    $
    82,276
    
    
    $
    3,683Above market coal leases
    
    
    25,281
    
    
    
    1,046$
    107,557
    
    
    $
    4,729
 7




---



##### 



8. Long-Term Debt
  December 31,
    
    
    December 31,2008
    
    
    2007(In thousands)$300 million floating rate revolving credit facility, due March 2012
    
    $
    48,000
    
    
    $
    48,0005.55% 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
    
    
    49,750
    
    
    
    55,8005.05% senior notes, with semi-annual interest payments in January
and July, with scheduled principal payments beginning July 2008,
maturing in July 2020
    
    
    92,308
    
    
    
    100,0005.31% utility local improvement obligation, with annual principal
and interest payments, maturing in March 2021
    
    
    2,499
    
    
    
    2,6915.55% senior notes, with semi-annual interest payments in June and
December, with annual principal payments in June, maturing in June
2023
    
    
    43,500
    
    
    
    46,8005.82% senior notes, with semi-annual interest payments in March and
September, with scheduled principal payments beginning March 2010,
maturing in March 2024
    
    
    225,000
    
    
    
    225,000Total debt
    
    
    496,057
    
    
    
    513,291Less  current portion of long term debt
    
    
    (17,235
    )
    
    
    (17,234
    )Long-term debt
    
    $
    478,822
    
    
    $
    496,057
  2009
    
    $
    17,2352010
    
    
    32,2342011
    
    
    31,5172012
    
    
    78,8012013
    
    
    30,200Thereafter
    
    
    306,070$
    496,057
     8




---



##### 




    
    a ratio of consolidated indebtedness to consolidated EBITDDA (as defined in the credit
agreement) of 3.75 to 1.0 for the four most recent quarters; provided however, if during
one of those quarters we have made an acquisition, then the ratio shall not exceed 4.0 to
1.0 for the quarter in which the acquisition occurred and (1) if the acquisition is in the
first half of the quarter, the next two quarters or (2) if the acquisition is in the second
half of the quarter, the next three quarters; and
    
    a ratio of consolidated EBITDDA to consolidated fixed charges (consisting of
consolidated interest expense and consolidated lease operating expense) of 4.0 to 1.0 for
the four most recent quarters.
 9. Related Party Transactions
 Reimbursements to NRP (GP) LP
  Transactions with Cline Affiliates
   Quintana Capital Group GP, Ltd.
   9




---



##### 



Office Building in Huntington, West Virginia
  10. Commitments and Contingencies
 Legal
  Environmental Compliance
  Lease
  11. Incentive Plans
  10




---



##### 



Outstanding grants at the beginning of the period
    
    
    507,466Grants during the period
    
    
    171,328Grants vested and paid during the period
    
    
    (105,230
    )Forfeitures during the period
    
    
    (2,280
    )Outstanding grants at the end of the period
    
    
    571,284
   12. Subsequent Events (Unaudited)
 Acquisitions
  Distributions
  11