Adams Natural Resources Fund Announces First Quarter 2026 Performance
Adams Natural Resources Fund (NYSE: PEO) reported first quarter 2026 investment returns and portfolio metrics.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Adams Natural Resources Fund (NYSE: PEO) reported first quarter 2026 investment returns and portfolio metrics. The Fund's NAV total return was 32.3% for Q1 2026 with dividends and capital gains reinvested; market price total return was 30.3%. The Fund's Q1 benchmark returned 32.6%.
At March 31, 2026 the Fund reported net assets of $868,407,390, shares outstanding 27,761,521, and NAV per share $31.28 versus $25.74 a year earlier. Top-10 holdings comprised 67.7% of net assets, led by Exxon Mobil at 26.1%.
Positive
- NAV per share rose to $31.28 from $25.74 (~21.5% YoY)
- Net assets increased to $868.4M from $684.0M (+26.9% YoY)
- Strong 1-year returns with NAV annualized 1-year return of 33.0%
Negative
- Q1 NAV return of 32.3% slightly trailed the benchmark (32.6%)
- Top-10 concentration high at 67.7%, with Exxon Mobil 26.1% exposure
Details
News Market Reaction – PEO
On Apr 17, the first trading day after this news, PEO closed 2.85% below the previous close.
Data tracked by StockTitan Argus for the Apr 17 session.
Key Figures
- Q1 2026 NAV total return
- 32.3%
- Fund NAV total return for first quarter 2026
- Q1 2026 benchmark return
- 32.6%
- Blended benchmark (80% Energy / 20% Materials) Q1 2026
- Q1 2026 market price return
- 30.3%
- Fund market price total return for first quarter 2026
- Net assets 3/31/2026
- $868,407,390
- Fund net assets at 3/31/2026
- Net assets 3/31/2025
- $684,022,125
- Fund net assets at 3/31/2025
- NAV per share 3/31/2026
- $31.28
- Net asset value per share at 3/31/2026
- Shares outstanding 3/31/2026
- 27,761,521
- Fund shares outstanding at 3/31/2026
- 1-year NAV return
- 33.0%
- Adams Natural Resources Fund NAV, 1-year annualized to 3/31/2026
Historical Context
-
New independent director with technology and AI background joined the board.
-
Declared $0.49 per share distribution under ongoing managed payout framework.
-
Reported 2025 NAV and price total returns slightly ahead of benchmark.
-
Announced $0.49 quarterly distribution and detailed source breakdown.
-
Nine‑month 2025 NAV return outpaced blended benchmark with higher assets.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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
The First Quarter Report to Shareholders is expected to be released on or about April 22, 2026.
| ANNUALIZED COMPARATIVE RETURNS (3/31/2026) | ||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||
| Adams 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 Sector | 36.3 | % | 18.0 | % | 25.2 | % | 11.5 | % |
| S&P 500 Materials Sector | 18.0 | % | 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:
| 3/31/2026 | 3/31/2025 | |
| Net assets | ||
| Shares outstanding | 27,761,521 | 26,575,646 |
| Net asset value per share |
| TEN LARGEST EQUITY PORTFOLIO HOLDINGS (3/31/2026) | ||
| % of Net Assets | ||
| Exxon Mobil Corporation | 26.1 | % |
| Chevron Corporation | 14.6 | % |
| ConocoPhillips | 5.7 | % |
| Williams Companies, Inc. | 3.8 | % |
| SLB Ltd. | 3.3 | % |
| Phillips 66 | 3.3 | % |
| Linde plc | 3.1 | % |
| Valero Energy Corporation | 2.7 | % |
| Targa Resources Corp. | 2.7 | % |
| Marathon Petroleum Corporation | 2.4 | % |
| Total | 67.7 | % |
| INDUSTRY WEIGHTINGS (3/31/2026) | ||
| % of Net Assets | ||
| Energy | ||
| Integrated Oil & Gas | 42.6 | % |
| Exploration & Production | 15.7 | % |
| Storage & Transportation | 9.6 | % |
| Refining & Marketing | 8.4 | % |
| Equipment & Services | 6.8 | % |
| Materials | ||
| Chemicals | 8.2 | % |
| Metals & Mining | 4.6 | % |
| Construction Materials | 2.0 | % |
| Containers & Packaging | 1.4 | % |
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
For further information please contact: adamsfunds.com/about/contact │800.638.2479
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.