Press Releases April 15, 2026 08:00 PM

Adams Natural Resources Fund Announces First Quarter 2026 Performance

Adams Natural Resources Fund Posts Strong 32.3% Q1 2026 Return, Nearly Matching Energy Sector Benchmark

By Nina Shah PEO
Adams Natural Resources Fund Announces First Quarter 2026 Performance
PEO

Adams Natural Resources Fund delivered a robust 32.3% total return on net asset value in Q1 2026, closely matching its benchmark of 32.6%, primarily comprised of the S&P 500 Energy and Materials sectors. The fund’s market price return was 30.3%, supported by strong performance in integrated oil & gas holdings. Net assets rose significantly to over $868 million. The fund maintains its commitment to an 8% annual dividend yield.

Key Points

  • Q1 2026 NAV total return of 32.3%, nearly matching the benchmark return of 32.6% composed of S&P Energy (80%) and Materials (20%) sectors.
  • The fund’s largest equity holdings include major integrated oil & gas companies like Exxon Mobil and Chevron, which comprise 42.6% of net assets.
  • Net assets grew by approximately 27% year-over-year to $868 million, reflecting strong performance and investor interest.

BALTIMORE, April 16, 2026 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s investment returns for the first quarter of 2026. The total return on the Fund’s net asset value for the first quarter of 2026 was 32.3%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 38.3% and 9.7%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%), returned 32.6%. The total return on the Fund’s market price for the same period was 30.3%.

The First Quarter Report to Shareholders is expected to be released on or about April 22, 2026.

ANNUALIZED COMPARATIVE RETURNS (3/31/2026)
  1 Year3 Year5 Year10 YearAdams Natural Resources Fund (NAV)33.0%17.2%21.9%11.4%Adams Natural Resources Fund (market price)33.4%20.2%22.5%12.0%S&P 500 Energy Sector36.3%18.0%25.2%11.5%S&P 500 Materials Sector18.0%9.4%6.9%10.6%


NET ASSET VALUE ANNOUNCED


The Fund’s net asset value at March 31, 2026, compared with the year earlier, was:

 3/31/20263/31/2025Net assets$868,407,390$684,022,125Shares outstanding27,761,52126,575,646Net asset value per share$31.28$25.74


TEN LARGEST EQUITY PORTFOLIO HOLDINGS (3/31/2026)
  % of Net AssetsExxon Mobil Corporation26.1%Chevron Corporation14.6%ConocoPhillips5.7%Williams Companies, Inc.3.8%SLB Ltd.3.3%Phillips 663.3%Linde plc3.1%Valero Energy Corporation2.7%Targa Resources Corp.2.7%Marathon Petroleum Corporation2.4%Total67.7%


INDUSTRY WEIGHTINGS (3/31/2026)
  % of Net AssetsEnergy Integrated Oil & Gas42.6%Exploration & Production15.7%Storage & Transportation9.6%Refining & Marketing8.4%Equipment & Services6.8%  Materials Chemicals8.2%Metals & Mining4.6%Construction Materials2.0%Containers & Packaging1.4%   


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.

For further information please contact: adamsfunds.com/about/contact │800.638.2479 


Risks

  • Energy sector volatility may impact fund returns, especially given high exposure to oil & gas integrated companies.
  • Dividend distributions may include return of capital or capital gains, creating tax complexities for investors.
  • Market price of the fund's shares may fluctuate independently from NAV, potentially influenced by broader market conditions.

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