Adams Natural Resources Fund Announces 2025 Performance

Rhea-AI Summary

Adams Natural Resources Fund (NYSE: PEO) reported 2025 investment returns: NAV total return 9.4% and market price total return 9.9% with dividends and capital gains reinvested. The Fund outperformed its blended benchmark (80% S&P 500 Energy / 20% S&P 500 Materials), which returned 9.1%. Sector peers returned 8.7% (Energy) and 10.5% (Materials). The Fund paid $2.05 per share in income dividends and capital gain distributions in 2025, producing an annual distribution rate of 8.4% of NAV. Net assets rose to $662.42M from $636.33M; NAV per share was $24.09 at 12/31/2025. The 2025 Annual Report is expected on or about February 18, 2026.

Positive

• NAV total return of 9.4% in 2025
• Market price total return of 9.9% in 2025
• Annual distribution of $2.05 per share (8.4% of NAV)

Negative

• Top holding concentration: Exxon Mobil 23.9% of net assets
• NAV per share declined to $24.09 from $24.21 year-over-year

BALTIMORE, Jan. 15, 2026 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s investment returns for 2025. The total return on the Fund’s net asset value for 2025 was 9.4%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 8.7% and 10.5%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%), returned 9.1%. The total return on the Fund’s market price for the same period was 9.9%.

The Fund paid $2.05 per share in income dividends and realized capital gain distributions to shareholders in 2025, producing an annual distribution rate of 8.4% of net asset value.

“In a weak energy market environment, we were pleased to generate a 9.4% return in 2025, outperforming our benchmark,” said Jim Haynie, CEO of Adams Funds.

The 2025 Annual Report is expected to be released on or about February 18, 2026.

ANNUALIZED ONE, THREE, FIVE, AND TEN-YEAR COMPARATIVE RETURNS (12/31/2025)

	1 Year	3 Year	5 Year	10 Year
Adams Natural Resources Fund (NAV)	9.4%	5.7%	20.4%	8.7%
Adams Natural Resources Fund (market price)	9.9%	8.1%	22.5%	9.3%
S&P 500 Energy Sector	8.7%	4.3%	23.8%	8.3%
S&P 500 Materials Sector	10.5%	7.5%	6.8%	9.9%

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at the end of 2025, compared with the year earlier, was:

	12/31/2025	12/31/2024
Net assets	$662,418,619	$636,334,398
Shares outstanding	27,501,854	26,284,550
Net asset value per share	$24.09	$24.21

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/2025)

	% of Net Assets
Exxon Mobil Corporation	23.9%
Chevron Corporation	14.4%
ConocoPhillips	5.3%
Williams Companies, Inc.	4.0%
Linde plc	3.5%
Phillips 66	3.0%
Kinder Morgan, Inc.	2.9%
Baker Hughes Company	2.6%
Marathon Petroleum Corporation	2.3%
EOG Resources, Inc.	2.2%
Total	64.1%

INDUSTRY WEIGHTINGS (12/31/2025)

	% of Net Assets
Energy
Integrated Oil & Gas	40.1%
Exploration & Production	15.4%
Storage & Transportation	10.6%
Refining & Marketing	7.5%
Equipment & Services	6.1%
Energy Related	0.1%
Materials
Chemicals	9.6%
Metals & Mining	5.5%
Construction Materials	2.9%
Containers & Packaging	1.7%

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 

FAQ

What was Adams Natural Resources Fund (PEO) total return for 2025?

The Fund reported a 9.4% NAV total return for 2025.

How did PEO perform versus its benchmark in 2025?

PEO outperformed its benchmark (80% S&P 500 Energy / 20% S&P 500 Materials), returning 9.4% versus the benchmark's 9.1%.

What distribution did Adams Natural Resources Fund (PEO) pay in 2025?

The Fund paid $2.05 per share in income dividends and capital gains, an annual distribution rate of 8.4% of NAV.

What were PEO's net assets and NAV per share at 12/31/2025?

Net assets were $662.42 million and NAV per share was $24.09 at 12/31/2025.

Which companies made up PEO's largest holdings at 12/31/2025?

Top holdings included Exxon Mobil (23.9%), Chevron (14.4%), and ConocoPhillips (5.3%).

When will Adams Natural Resources Fund release its 2025 Annual Report?

The 2025 Annual Report is expected to be released on or about February 18, 2026.