Veiled threats from Nationals members about the future of the Coalition have been dismissed by others in the party as a chest-beating exercise.

Some MPs and senators, unhappy with the way Tony Abbott was cut down as leader, have told the ABC the socially conservative Nationals should "not rush" into a new Coalition agreement with Mr Turnbull.

They want their leader Warren Truss to do policy deals, or get extra cash, to help regional Australia.

Many senior Nationals deeply dislike Malcolm Turnbull over the way he acted on carbon pricing when opposition leader in 2009, while others think the party would be better off abandoning its ministerial positions and becoming more independent in the Parliament.

"These clowns [the Liberal Party] are making us look like a failed Pacific Island state — why would we want to immediately associate ourselves with them?" one complained immediately following Mr Turnbull's victory.

But others expect cooler heads to prevail in a party meeting this morning.

Some inside the Nationals expect an agreement with the Liberals to be reached today, characterising those voicing concerns about the future of the Coalition as "blowing off steam".

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Last night, Nationals deputy leader Barnaby Joyce held a press conference at 11:30pm to declare his party's "key values" needed to be considered in any new Coalition agreement.

"There is no Liberal Party Government, there is only a Coalition Government," Mr Joyce said.

Meanwhile, other Nationals were upset Mr Turnbull did not pay tribute to their party in his first press conference.

"Our relationship with the Liberals should be a business relationship. I share the disgust and frustration felt by many Australians with the revolving door of leadership in this country," Nationals senator Matt Canavan said.

The Nationals have made similar veiled threats during times of Coalition uncertainty before and have failed to follow through.

"What rubbish," one Liberal MP said when asked about the Nationals' concerns.

"What do the Nats seriously think they can achieve on their own? They'll rattle the cage then roll over."

There has been persistent speculation Nationals leader and Deputy Prime Minister Warren Truss is considering retirement ahead of the next election.

Mr Joyce is his most likely successor.