Alpha Natural Resources 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit 99.1

ANR Fund IX Holdings, L.P. and Alpha NR Holding Inc. and Subsidiaries
Unaudited Pro Forma Condensed Balance Sheet Data
December 31, 2004

			NKC
			Disposition Pro
			Forma Adjustments
	Historical (1)		(2)			Pro Forma
			(in thousands)
Assets
Current assets	$	202,535	$	4,400		$	206,935
Property, plant and equipment, net		217,964		(3,989	)		213,975
Other assets		56,622		—			56,622
Total assets	$	477,121	$	411		$	477,532
Liabilities and Stockholder’s Equity and Partners’ Capital
Note payable and current portion of long-term debt	$	16,921	$	-		$	16,921
Other current liabilities		129,357		—			129,357
Total current liabilities		146,278		—			146,278
Long-term debt, net of current portion		184,784		-			184,784
Other liabilities		71,348		(196	)		71,152
Total liabilities		402,410		(196	)		402,214
Minority Interest		28,778		275			29,053
Stockholder’s Equity and Partners’ Capital:
Stockholder’s equity		40,981		296			41,277
Partners’ capital		4,952		36			4,988
Total stockholder’s equity and partners’ capital		45,933		332			46,265
Total liabilities and stockholder’s equity and partners’ capital	$	477,121	$	411		$	477,532

(1) Reflects the combined balance sheet of ANR Fund IX Holdings, L.P. and Alpha NR Holding, Inc. and subsidiaries as of December 31, 2004.

(2) Adjusts for the receipt of proceeds and the elimination of the net assets of National King Coal LLC and Gallup Transportation and Transloading Company, LLC (collectively, “NKC”) as if the sale of NKC’s assets that occurred on April 14, 2005 (the “NKC Disposition”) had occurred on December 31, 2004. The cash proceeds from the NKC Disposition in the amount of $4.4 million plus payment of $25,000 for NKC’s coal inventory as of December 31, 2004 are reflected as an addition to cash, with a net increase of $4.4 million to current assets after elimination of NKC’s coal inventory. Other assets and liabilities eliminated are NKC’s net property, plant and equipment as of December 31, 2004, and the December 31, 2004 balance of NKC’s other liabilities assumed by the buyer in the NKC Disposition.

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ANR Fund IX Holdings, L.P. and Alpha NR Holding Inc. and Subsidiaries
Unaudited Pro Forma Condensed Statement of Operations and Other Financial Data
For the Year Ended December 31, 2004

				NKC
				Disposition Pro
				Forma Adjustments
	Historical (1)			(2)			Pro Forma
				(in thousands)
Total Revenues	$	1,269,718		$	(17,016	)	$	1,252,702
Operating expenses (exclusive of items shown below) (3)		1,102,815			(17,696	)		1,085,119
Depreciation, depletion and amortization		56,012			(751	)		55,261
Asset impairment charge		5,100			(5,100	)		—
Selling, general and administrative expenses (exclusive of depreciation, depletion, and amortization shown separately above)		43,881			—			43,881
Gain on sale of fixed assets		671			(5	)		666
Income (loss) from operations		62,581			6,526			69,107
Interest expense		(20,041	)		—			(20,041	)
Interest income		531			—			531
Miscellaneous income		734			(11	)		723
Income tax expense (benefit)		3,960			1,205			5,165
Minority interest		19,830			2,953			22,783
Net income (loss)	$	20,015		$	2,357		$	22,372
Other Financial Data:
EBITDA, as adjusted (4)	$	119,327		$	5,764		$	125,091

(1) Reflects the combined results of operations of ANR Fund IX Holdings, L.P. and Alpha NR Holding, Inc. and subsidiaries for the year ended December 31, 2004.

(2) Eliminates the operating results of NKC as if the NKC Disposition had occurred on January 1, 2004.

(3) Operating expenses include cost of coal sales, freight and handling costs, and cost of other revenues.

(4) EBITDA, as adjusted, is defined as net income (loss) plus interest expense, income tax expense (benefit), depreciation, depletion and amortization, less interest income, and adjusted for minority interest. EBITDA, as adjusted, is used by management to measure operating performance, and management also believes it is a useful indicator of our ability to meet debt service and capital expenditure requirements. Because EBITDA, as adjusted, is not calculated identically by all companies, our calculation may not be comparable to similarly titled measures of other companies.

EBITDA, as adjusted, is calculated and reconciled to net income in the table below (unaudited):

				NKC
				Disposition Pro
	Historical			Forma Adjustments			Pro Forma
				(in thousands)
Net income (loss)	$	20,015		$	2,357		$	22,372
Interest expense		20,041			—			20,041
Interest income		(531	)		—			(531	)
Income tax expense (benefit)		3,960			1,205			5,165
Depreciation, depletion and amortization		56,012			(751	)		55,261
EBITDA	$	99,497		$	2,811		$	102,308
Minority interest		19,830			2,953			22,783
EBITDA, as adjusted	$	119,327		$	5,764		$	125,091

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