Press Releases July 16, 2026 04:57 PM

Adams Natural Resources Fund Announces First Half 2026 Performance

Adams Natural Resources Fund Reports Strong 18.4% NAV Return for First Half of 2026, Outperforming Key Benchmarks

By Maya Rios
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PEO

Adams Natural Resources Fund, Inc. announced an 18.4% total return on its net asset value for the first half of 2026, surpassing its benchmark composed of the S&P 500 Energy (80%) and Materials (20%) sectors. The fund's market price return was 18.2%, with notable holdings heavily weighted in integrated oil and gas companies. Net assets grew substantially compared to the prior year, reflecting strong performance and investor confidence.

Adams Natural Resources Fund Announces First Half 2026 Performance
PEO
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Key Points

  • The Fund achieved an 18.4% total NAV return in H1 2026, exceeding its combined benchmark return of 18.1%.
  • Top equity holdings include major energy companies like Exxon Mobil (23.9%) and Chevron (12.6%), with energy sectors comprising over 80% of net assets.
  • Net asset value per share increased to $27.44 from $23.61 year-over-year, with total net assets rising to $769 million.
  • Sectors Impacted: Energy (Integrated Oil & Gas, Exploration & Production), Materials (Chemicals, Metals & Mining).

BALTIMORE, July 16, 2026 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s investment returns for the first half of 2026. The total return on the Fund’s net asset value for the first half of 2026 was 18.4%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 19.7% and 12.0%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%), returned 18.1%. The total return on the Fund’s market price for the same period was 18.2%.

The Semi-Annual Report to Shareholders is expected to be released on or about July 22, 2026.

ANNUALIZED COMPARATIVE RETURNS (6/30/2026)      1 Year
3 Year5 Year10 YearAdams Natural Resources Fund (NAV)26.5%13.0%17.0%9.4%Adams Natural Resources Fund (market price)25.9%15.7%17.7%9.6%S&P 500 Energy Sector29.0%12.8%19.0%8.7%S&P 500 Materials Sector16.7%8.9%6.3%10.4%


NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at June 30, 2026, compared with the year earlier, was:

  6/30/20266/30/2025Net assets$769,147,614$634,743,865Shares outstanding28,034,83926,888,697Net asset value per share$27.44$23.61


TEN LARGEST EQUITY PORTFOLIO HOLDINGS (6/30/2026)   % of Net AssetsExxon Mobil Corporation23.9%Chevron Corporation12.6%ConocoPhillips6.0%Williams Companies, Inc.4.1%Valero Energy Corporation3.8%Linde plc3.6%SLB Ltd.3.3%Targa Resources Corp.3.2%Phillips 663.1%Marathon Petroleum Corporation2.7%Total66.3%


INDUSTRY WEIGHTINGS (6/30/2026)  % of Net AssetsEnergy Integrated Oil & Gas38.5%Exploration & Production14.8%Storage & Transportation10.7%Refining & Marketing9.6%Equipment & Services6.9%  Materials Chemicals10.2%Metals & Mining5.2%Construction Materials2.2%Containers & Packaging1.1%  

About Adams Funds
Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 90 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of 8% of NAV paid evenly each quarter throughout the year, providing reliability for long-term shareholders. A portion of any distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain, and return of capital. The final determination of the source of all distributions for tax reporting purposes in a calendar year, including the percentage of qualified dividend income, will be made after year-end. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: adamsfunds.com.


Risks

  • Performance is heavily dependent on the energy sector, exposing the fund to volatility driven by oil & gas price fluctuations and regulatory changes.
  • Dividend distributions may partly come from return of capital or capital gains, which could impact tax treatment for shareholders.
  • Market risk linked to concentrated holdings in few large energy companies could lead to higher volatility in adverse market conditions.

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