Adams Natural Resources Fund Announces First Quarter 2025 Performance

Rhea-AI Summary

Adams Natural Resources Fund (NYSE: PEO) reported its Q1 2025 performance with a total return of 8.8% on net asset value (NAV), slightly outperforming its benchmark return of 8.7%. The Fund's market price return was 7.4% for the quarter.

The Fund's net assets decreased to $684.02 million as of March 31, 2025, compared to $712.71 million year-over-year, with NAV per share declining from $27.94 to $25.74. The portfolio maintains strong energy sector focus with Exxon Mobil (23.5%) and Chevron (12.9%) as top holdings.

Long-term performance shows 5-year annualized returns of 29.1% on NAV and 31.3% on market price. Industry weightings reveal significant exposure to Integrated Oil & Gas (36.4%) and Exploration & Production (21.4%), with Materials sector diversification through Chemicals (12.7%).

Positive

• Outperformed benchmark with 8.8% NAV return in Q1 2025
• Strong 5-year annualized returns of 29.1% on NAV
• Well-diversified portfolio across energy and materials sectors
• 65% of assets concentrated in blue-chip energy companies

Negative

• Net assets declined 4% year-over-year to $684.02 million
• NAV per share decreased 7.9% from $27.94 to $25.74
• Underperformed S&P 500 Energy Sector's 10.2% Q1 return
• 1-year return of 1.4% shows significant slowdown from 5-year performance

BALTIMORE, April 17, 2025 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s investment returns for the first quarter of 2025. The total return on the Fund’s net asset value for the first quarter of 2025 was 8.8%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 10.2% and 2.8%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%), returned 8.7%. The total return on the Fund’s market price for the same period was 7.4%.

The First Quarter Report to Shareholders is expected to be released on or about April 23, 2025.

ANNUALIZED COMPARATIVE RETURNS (3/31/2025)
	1 Year		3 Year		5 Year		10 Year
Adams Natural Resources Fund (NAV)	1.4	%	10.1	%	29.1	%	6.7	%
Adams Natural Resources Fund (market price)	8.9	%	11.3	%	31.3	%	6.9	%
S&P 500 Energy Sector	2.5	%	11.1	%	31.6	%	6.2	%
S&P 500 Materials Sector	-5.7	%	1.3	%	16.1	%	8.1	%

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at March 31, 2025, compared with the year earlier, was:

	3/31/2025		3/31/2024
Net assets	$684,022,125		$712,708,809
Shares outstanding		26,575,646		25,506,011
Net asset value per share	$25.74		$27.94

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (3/31/2025)
	% of Net Assets
Exxon Mobil Corporation	23.5	%
Chevron Corporation	12.9	%
ConocoPhillips	6.0	%
Linde plc	4.4	%
EOG Resources, Inc.	3.8	%
Williams Companies, Inc.	3.2	%
Hess Corporation	3.2	%
Baker Hughes Company	2.7	%
Kinder Morgan, Inc.	2.7	%
ONEOK, Inc.	2.6	%
Total	65.0	%

INDUSTRY WEIGHTINGS (3/31/2025)
	% of Net Assets
Energy
Integrated Oil & Gas	36.4	%
Exploration & Production	21.4	%
Storage & Transportation	10.9	%
Refining & Marketing	6.2	%
Equipment & Services	5.9	%
Materials
Chemicals	12.7	%
Metals & Mining	2.8	%
Containers & Packaging	1.8	%
Construction Materials	1.3	%

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: adamsfunds.com/about/contact │800.638.2479

FAQ

What was Adams Natural Resources Fund (PEO) Q1 2025 performance compared to its benchmark?

PEO achieved an 8.8% NAV return in Q1 2025, slightly outperforming its benchmark return of 8.7%, which comprises 80% S&P 500 Energy Sector and 20% S&P 500 Materials Sector.

How has PEO's net asset value changed from March 2024 to March 2025?

PEO's net assets decreased from $712.71 million to $684.02 million, with NAV per share declining from $27.94 to $25.74.

What are the top 3 holdings in PEO's portfolio as of March 31, 2025?

The top 3 holdings are Exxon Mobil (23.5%), Chevron (12.9%), and ConocoPhillips (6.0%).

What is PEO's 5-year performance as of March 31, 2025?

PEO achieved a 29.1% 5-year annualized return on NAV and 31.3% on market price.

How is PEO's portfolio allocated across energy industry segments?

PEO's energy allocation includes Integrated Oil & Gas (36.4%), Exploration & Production (21.4%), Storage & Transportation (10.9%), Refining & Marketing (6.2%), and Equipment & Services (5.9%).