"The joy and peace is
just so amazing in my marriage now.39 per unit
* Coal royalty revenues increase 33% over 2004 to a record
$142.4 million
* Distribution per unit increases 15% over 4Q 2004 to $0.P.3 million from $81. This increase results from both
a 20% increase in average per ton royalty revenue to $2.
Distributable cash flow is a significant liquidity metric that is an indicator
of NRP's ability to generate cash flows at a level that can sustain or support
an increase in quarterly cash distributions paid to its partners.33 $2.

saponi wayfaring

But
something was missing.39 per unit.
Net income per unit rose 82% to $0.P.90 2.

Now there are Melungeons and their descendants all over the region, east Tennessee, western Virginia and northern North Carolina.

saponi mestee

0 million reported for 2004 ., Chairman and
Chief Executive Officer. Appalachian production increased 7%, the
Illinois Basin production decreased 11% and Northern Powder River Basin
production increased approximately 85%.

6 million, or 14% over 2004.4 million tons predominantly in Northern Appalachia and the Northern Powder
River Basin together with increases in average coal royalty revenues per ton
of 14% to $2. A reconciliation of distributable cash
flow to net cash provided by operating activities is included in the tables
attached to this release.

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"God couldn't work in my life because I wasn't surrendered to
Him.3 million for the same period last year, while
distributable cash flow rose 29% to $27 .6 million tons.8 million
over last year due to increased costs associated with managing a larger number
of properties.3 million mainly due to
increased override payments reflecting increased coal prices. Property, franchise and
other taxes increased by $0.60 1. The IDRs are allocated
65% to the general partner and the remaining 35% to affiliates of the
general partner.

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1 million
* Distributable cash flow increases 38% over 2004 to a record
$112.4 million
* Distributable cash flow increases 29% over 4Q 2004 to $27. "We are particularly
excited about the acquisitions we made during 2005, which have performed
exceptionally well.34
Southern 4.
Consolidated Statements of Income
(In thousands, except per unit data)

Three months ended Year ended
December 31, December 31,
2005 2004 2005 2004
(unaudited) (unaudited) (unaudited)
Revenues:
Coal royalties $37,383 $27,114 $142,137 $106,456
Property taxes 1,983 1,388 6,516 5,349
Minimums recognized
as revenue 344 483 1,709 1,763
Override royalties 833 832 2,144 3,222
Other 1,831 1,535 6,547 4,642
Total revenues 42,374 31,352 159,053 121,432
Operating costs and
expenses:
Depreciation, depletion
and amortization 9,005 7,994 33,730 30,077
General and
administrative 2,318 3,847 12,319 11,503
Property, franchise
and other taxes 2,404 2,002 8,142 6,835
Coal royalty and
override payments 1,023 809 3,392 2,045
Total operating costs
and expenses 14,750 14,652 57,583 50,460
Income from operations 27,624 16,700 101,470 70,972
Other income (expense)
Interest expense (3,128) (2,400) (11,044) (11,192)
Interest income 459 159 1,413 349
Loss on early
extinguishment of debt - -- (1,135) --- (1,135)
Net income $24,955 $13,324 $91,839 $58,994
Net income attributable
to: (A)
General partner $1,403 $458 $4,491 $1,705
Holders of incentive
distribution rights $486 $103 $1,429 $281
Limited partners $23,066 $12,763 $85,919 $57,008
Basic and diluted net
income per limited
partner unit:
Common $0.

hornbeck appalachians

5 million last year.4 million for 2004.1
million compared to $106. Property, franchise and other taxes increased $1. All statements, other than statements
of historical facts, included in this press release that address activities,
events or developments that the partnership expects, believes or anticipates
will or may occur in the future are forward -looking statements.

Disclosure of Non-GAAP Financial Measures
Distributable cash flow represents cash flow from operations less actual
principal payments and cash reserves set aside for scheduled principal
payments on the senior notes.30

Total $2.91 $0.

mahala smilings

"

Borden's book and DVD, "Sting: Moment of Truth" are available at LifeWay
Christian Stores.lifeway.0 million from $13.5 million primarily due to significant increases in both wheelage income
and oil and gas income.84 2.P.

vardy mestee

"

Borden's wife accepted Christ a month after he did.com/news.65 and an 11% increase
in production to 53.
Coal royalty and override payments increased $1.89 $1.34
Illinois Basin 1.

unreliable evidenced

(NYSE: NRP and NYSE: NSP) today reported record net income of $91.2 million in 2004.
Depreciation, depletion and amortization increased 12% as a result of higher
production. General and administrative expenses increased 7% or $0.4 million largely as a result of properties
acquired.

Distributions
On January 19, 2005, NRP announced its tenth consecutive increase in its
quarterly distribution, raising the distribution to $0. Such
statements include comments regarding growth of the partnership and increases
in distributions.07 4.

This original group settled in Hancock County, TN, and early on spread to Wise County, VA.

evidenced shalacy

91 per unit from $0.7625 per unit, or
$3. has no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise.59 2.39 $2.
Statements of Cash Flows
(In thousands)

Three months ended Year ended
December 31, December 31 ,
2005 2004 2005 2004
(unaudited) (unaudited) (unaudited)
Cash flows from
operating activities:
Net income $24,955 $13,324 $91,839 $58,994
Adjustments to reconcile
net income to net cash
provided by operating
activities:
Depreciation, depletion
and amortization 9,005 7,994 33,730 30,077
Non-cash interest charge 96 56 318 932
Loss on early
extinguishment of debt --- 1,135 --- 1,135
Change in operating
assets and liabilities:
Accounts receivable (3 ,847) (611) (6,869) (4,093)
Other assets (332) (847) (47) 236
Accounts payable 6 253 84 (47)
Accrued interest (1,286) (2,181) 1,268 (415)
Deferred revenue 1,020 2,703 (996) 793
Accrued incentive
plan expenses (943) 1,229 1,670 2,574
Property, franchise
and other taxes
payable 1,060 510 678 661
Net cash provided by
operating
activities 29,734 23,565 121,675 90,847

Cash flows from investing
activities:
Acquisition of land,
coal and other
mineral rights (29,578 ) --- (99,683) (77,733)
Acquisition of plant
and equipment --- --- (6,019) ---
Net cash used in
investing
activities (29,578) --- (105,702) (77,733)

Cash flows from
financing activities:
Proceeds from loans 19,000 --- 125,000 75,500
Deferred financing
costs (861) (969) (861) (969)
Repayments of loans --- --- (59,350) (111 ,850)
Distributions to
partners (20,060) (16,779) (75,173 ) (60,393)
Contributions by
general partner --- --- --- 2,147
Proceeds from sale
of 5,250,000 common
units , net of
transaction costs --- --- --- 200,355
Redemption of 2,616,752
common units, net --- --- --- (100 ,121)
Redemption of fractional
units upon conversion
of subordinated units (1) --- (1) ---
Net cash (used in)
provided by financing
activities (1,922) (17,748) (10,385) 4,669
Net (decrease) or
increase in cash and
cash equivalents (1,766) 5,817 5,588 17,783
Cash and cash equivalents
at beginning of period 49,457 36,286 42,103 24,320
Cash and cash equivalents
at end of period $47,691 $42,103 $47,691 $42,103

SUPPLEMENTAL INFORMATION:
Cash paid during the
period for interest $4,320 $4,452 $9,459 $10,603

Natural Resource Partners L.

wayfaring redbones

"

While he considers himself semi-retired, Borden still makes his way back to
the ring when he's called -- both in the states and overseas -- and enjoys
surprising the fans with an appearance.3 million

Fourth Quarter Highlights:
* Net income increases 87% over 4Q 2004 to $25.0 million or
$0.8 million
for 2005, a 56% increase over the $59.
"We now own in excess of two billion tons of coal, giving us a current
reserve life of approximately 37 years and we are constantly looking for
opportunities to increase those reserves through accretive acquisitions. These statements are based on certain assumptions made by
the partnership based on its experience and perception of historical trends,
current conditions , expected future developments and other factors it believes
are appropriate in the circumstances .P.
Consolidated Balance Sheets
(In thousands, except for unit information)

ASSETS

December 31, December 31,
2005 2004
(Unaudited )
Current assets:
Cash and cash equivalents $47,691 $42,103
Accounts receivable 21,946 15,058
Accounts receivable - affiliate 6 25
Other 833 786
Total current assets 70,476 57,972
Land 14,123 13,721
Plant and equipment, net 5,924 ---
Coal and other mineral rights , net 590,459 523,844
Loan financing costs, net 2,431 1,837
Other assets, net 1,583 2,552
Total assets $684,996 $599,926


LIABILITIES AND PARTNERS' CAPITAL

Current liabilities:
Accounts payable $677 $576
Accounts payable - affiliate 88 105
Current portion of long-term debt 9,350 9,350
Accrued incentive plan expenses -
current portion 1,105 1,559
Property, franchise and other taxes payable 4,138 3,460
Accrued interest 1,534 266
Total current liabilities 16,892 15,316
Deferred revenue 14,851 15,847
Accrued incentive plan expenses 5,395 3,271
Long-term debt 221,950 156 ,300
Partners' capital:
Common units (outstanding: 16,825,305 in
2005, 13,986 ,906 in 2004 ) 292,990 243,814
Subordinated units (outstanding: 8 ,515,228
in 2005, 11,353,658 in 2004) 123,114 157,324
General partner's interest 10,024 8,802
Holders of incentive distribution rights 582 105
Accumulated other comprehensive loss (802 ) (853)
Total partners' capital 425,908 409,192
Total liabilities and partners' capital $684,996 $599,926

Natural Resource Partners L.

siouan ankles

By the mid-1990s, Borden had reached the height of
success within the wrestling world, a multi-million-dollar industry --
enjoying international fame, money and everything he'd ever wanted.

For two years he was desperate to find God, he says.0 million due to higher depletion on properties
recently acquired. Natural
Resource Partners L.
Distributable cash flow is not a measure of financial performance under GAAP
and should not be considered as an alternative to cash flows from operating,
investing or financing activities.63 $1.15 3.53 2.

melungeon sneedville

I needed something supernatural to happen in my life; I needed God.
Total expenses increased to $57. General and administrative expenses decreased by
$1. NRP is a master limited
partnership that is principally engaged in the business of owning and managing
coal properties in the three major coal producing regions of the United
States: Appalachia, the Illinois Basin and the Powder River Basin. Distributable cash flow may not be calculated the
same for NRP as other companies.50 $3.

They are not, at least exclusively, Native Americans, not African American and not the 'usual ' Caucasian (read: Scott Irish/German) Appalachians.

wayfaring ankles

37234-0192
www. Robertson, Jr.8 million
when compared with last year at $14.7 million.nrplp. These risks include, but are not limited to, decreases in
demand for coal; changes in operating conditions and costs; production cuts by
our lessees; commodity prices; unanticipated geologic problems; changes in the
legislative or regulatory environment and other factors detailed in Natural
Resource Partners' Securities and Exchange Commission filings .23
Northern Powder
River Basin 1.07 1.46 1.50 $3.

Melungeons are a group of dark fine-featured people who have lived in Appalachia for at least 200 years and probably longer.

ramapo reemergence

I look at my wife with eyes that I
never knew I could look at her with. As his alter ego Sting is known for
saying: "The one thing you know about Sting is you never know about Sting.com

7625

HOUSTON, Natural Resource Partners L.4 million from $21. They give us more diversity in our cash flow and provide
a strong foundation for our future . Coal royalty revenues for 2005 rose 33% to $142.5 million last year.

Forward Looking Statements
This press release may include "forward-looking statements" as defined by
the Securities and Exchange Commission.

- financials follow -

Natural Resource Partners L.38 1.39 1.P.

spurlock melungeons

He will make appearances at the following LifeWay Store
locations: Birmingham, May 14; Monroe, La.,
June 4.8 million or
$3.91 $0.

Natural Resource Partners L.

ramapo spurlock

But he says his expectations of God were wrong.com/news



"I wanted God to wave a magic wand and make everything better, but my life
just continued on the way it was and things got worse and worse," Borden
explained. Net income
per unit rose 48% to $3.newscom. As a result of the continued strong coal
market, we were able to use $30 million of our cash to help fund these
acquisitions while continuing to regularly increase our quarterly
distributions to our unitholders. Production increases of 21% or
2.0 million to $9. This represents a 15% increase in
Natural Resource Partners ' distributions compared to the fourth quarter of
2004. is headquartered in Houston, TX, with its
operations headquarters in Huntington, WV. Further information about NRP is available on the
partnership 's website at http://www.
Distributable cash flow is also the quantitative standard used throughout the
investment community with respect to publicly traded partnerships.70
Central 2.20

Natural Resource Partners L.P.

redbones ramapo

Natural Resource Partners L.P. Reports Record 2005 and Strong Fourth Quarter Results

com/cgi-bin/prnh/20060109/NRPLOGO )
For the fourth quarter 2005, NRP reported that net income improved by 87%
to $25.
"Increased production from our properties together with higher prices
realized by our lessees combined to produce a record year for NRP and our
unitholders," said Chief Operating Officer Nick Carter.

Fourth Quarter 2005 Financial Results
Fourth quarter revenues grew 35% to $42. Depreciation , depletion and amortization
grew by $1.
For additional information, please contact Kathy Hager at 713-751-7555 or
khager@nrplp.95 2.86
Total Appalachia 2.87 2.29
Subordinated $0.
Reconciliation of GAAP "Net cash provided by operating activities"
To Non-GAAP "Distributable cash flow"
(in thousands)

Three months ended Year ended
December 31, December 31,
2005 2004 2005 2004
(Unaudited)

Cash flow from operations $29,734 $23,565 $121,675 $90,847
Less scheduled principal
payments --- --- (9,350) (9,350)
Less reserves for future
principal payments (2,350) (2,350) (9,400) (9,400)
Add reserves used for
scheduled principal
payments --- --- 9,400 9,400
Distributable cash flow $27,384 $21,215 $112,325 $81,497

mahala redbones

He went forward at a
Promise Keepers rally and prayed the sinner's prayer, and again at an
evening church service. Record 2005 Results:
* Net income increases 56% over 2004 to a record $91.50 per unit for the
quarter .

2005 Financial Results
NRP's total revenues increased 31% to a record $159.54 1.39 $2.P.

spurlock mahala

"

And the one thing Steve Borden knows is this: "Don't walk in mediocrity
with one foot in the world; go for it [with God] and watch what happens. Distributable cash flow for 2005 rose
38% to a record $112. Consistent growth will permit us to continue to increase our
distributions to our partners," said Corbin J.66 from $2.4 million over the fourth quarter 2004.

Natural Resource Partners L.89 $1.

reemergence alhn

Traveling away from home and his family for months at a time, Borden turned
to pain medication and alcohol to escape the issues that were building in
his life and within his marriage.91 per unit
* Coal royalty revenues increase 38% over 4Q 2004 to $37.3 million due
to franchise taxes in additional states in which the partnership now operates.com . Such statements are subject to a number
of assumptions, risks and uncertainties , many of which are beyond the control
of the partnership.66 $2.65 $2.

They were reported to have been there when the first 'white' settlers came and were living in cabins, speaking broken Elizabethan English and saying they were 'Portyghee'.

vardy mestee

For more than 20 years, Steve Borden's fans
have known him as Sting, a nine-time World Championship Wrestling title
holder known for trademark wrestling moves like the Stinger Splash and the
Scorpion Death Lock.

ATTENTION EDITOR/NEWS DIRECTOR: For store appearance times and to see the
complete story and hear a portion of Borden's interview , go to
lifeway.
(Logo: http://www.4 million compared to
$31.33 helped raise coal royalty revenues by 38% to
$37. Distributable cash flow is a "non-GAAP
financial measure" that is presented because management believes it is a
useful adjunct to net cash provided by operating activities under GAAP.

There are also several other similar groups that the name has been applied to, such as the Kentucky Melungeons, in southeastern Kentucky, and the Graysville Melungeons, between Knoxville and Chattanooga .

siouan unreliable

For interview requests, contact
kathy@theaccessgroupinc.

LifeWay
One LifeWay Plaza
Nashville , Tenn.4 million for the same period last year.5 million for the fourth quarter compared to last year mainly due to
decreases in the incentive compensation accrual.P.

wayfaring eht

PRESS RELEASE Pro-Wrestler Sting Chooses Christ Over Center Ring

LifeWay. For 2005, approximately 31% of NRP's
coal royalty revenues and 27% of its production were from metallurgical coal,
which is normally priced higher than steam coal.
Fourth quarter 2005 total expenses were basically flat at $14. However, there were
significant changes both in depreciation, depletion and amortization and
general and administrative expenses.
Operating Statistics
(In thousands except per ton data)
(Unaudited)

Three months ended Year ended
December 31, December 31 ,
2005 2004 2005 2004
Coal royalty revenues:
Appalachia
Northern $4,539 $2,045 $11,306 $7,084
Central 22,986 19,263 93,008 76,583
Southern 6,634 3,623 25,089 14,874
Total Appalachia $34,159 $24,931 $129,403 $98,541
Illinois Basin 932 1,240 4,288 3,852
Northern Powder
River Basin 2,292 943 8,446 4,063

Total $37,383 $27,114 $142,137 $106,456

Coal Royalty Production
(tons):
Appalachia
Northern 2,400 1,252 5,977 4,179
Central 7,801 7,430 32,790 32,702
Southern 1,597 1,179 6,263 5,208
Total Appalachia 11,798 9,861 45 ,030 42,089
Illinois Basin 583 898 2,781 3,138
Northern Powder
River Basin 1,651 881 5,795 3,130

Total 14,032 11,640 53,606 48,357

Average royalty revenue
per ton:
Appalachia
Northern $1.29
Weighted average number
of units outstanding:
Common 15,407 13,987 14,345 13,447
Subordinated 9,934 11,354 10 ,996 11,354

(A) Net income is allocated among the limited partners, the general
partner and holders of the incentive distribution rights (IDRs) based
upon their pro rata share of distributions.

mestee redbones

, June 3, and Jackson, Miss.com."
"As we look to the future , our goal is to continue to grow the partnership
through acquisitions and by actively managing and developing our current
assets.1 million in 2005 from
$121. Other revenue rose 41% to
$6.05 per unit on an annualized basis.com .01 2. The IDRs allocated to the general partner are
included in the net income attributable to the general partner.

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---

- - kjjkjk

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