Adams Natural Resources Fund Reports Nine Month Results
Net asset value performance exceeded the blended benchmark but trailed the energy sector over the first nine months.
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 a 34.4% net asset value return for the first nine months of 2026. With dividends and capital gains reinvested, that compared with 34.0% for its benchmark, comprising 80% S&P 500 Energy Sector and 20% S&P 500 Materials Sector. The individual sectors returned 40.3% and 8.8%, respectively. The fund’s market-price return was 34.2%.
At September 30, 2026, net assets were $865,186,454, versus $662,649,222 a year earlier. Net asset value per share rose to $30.57 from $24.36, while shares outstanding increased to 28,303,647 from 27,205,847. The fund expects its Third Quarter Report to Shareholders to be released on or about October 21, 2026.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointNine-month NAV return of 34.4% exceeded the 34.0% benchmark and 8.8% materials return, but trailed energy’s 40.3%.
- Moderate pointNet assets increased to $865,186,454 at September 30, 2026, from $662,649,222 a year earlier.
- Minor pointMarket-price total return reached 34.2% for the first nine months of 2026.
- Minor pointNet asset value per share rose to $30.57 from $24.36 a year earlier.
- Minor pointAnnualized NAV returns were 35.9%, 14.3%, 20.5% and 10.5% over one, three, five and ten years through September 30, 2026.
- Minor pointAnnualized market-price returns were 38.6%, 16.4%, 21.3% and 11.0% over those same periods.
Negative
- None.
News Explained
At
AI-generated analysis. How Rhea-AI works. Not financial advice.
BALTIMORE, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s investment returns for the first nine months of 2026. The total return on the Fund’s net asset value for the first nine months of 2026 was
The Third Quarter Report to Shareholders is expected to be released on or about October 21, 2026.
| ANNUALIZED COMPARATIVE RETURNS (9/30/2026) | ||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||
| Adams Natural Resources Fund (NAV) | 35.9 | % | 14.3 | % | 20.5 | % | 10.5 | % |
| Adams Natural Resources Fund (market price) | 38.6 | % | 16.4 | % | 21.3 | % | 11.0 | % |
| S&P 500 Energy Sector | 42.4 | % | 14.5 | % | 23.3 | % | 10.2 | % |
| S&P 500 Materials Sector | 10.0 | % | 9.7 | % | 6.5 | % | 9.7 | % |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at September 30, 2026, compared with the year earlier, was:
| 9/30/2026 | 9/30/2025 | |
| Net assets | ||
| Shares outstanding | 28,303,647 | 27,205,847 |
| Net asset value per share |
| TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2026) | |
| % of Net Assets | |
| Exxon Mobil Corporation | |
| Chevron Corporation | |
| ConocoPhillips | |
| Valero Energy Corporation | |
| Phillips 66 | |
| Marathon Petroleum Corporation | |
| Williams Companies, Inc. | |
| SLB Ltd. | |
| Linde plc | |
| Targa Resources Corp. | |
| Total | |
| INDUSTRY WEIGHTINGS (9/30/2026) | |
| % of Net Assets | |
| Energy | |
| Integrated Oil & Gas | |
| Exploration & Production | |
| Refining & Marketing | |
| Storage & Transportation | |
| Equipment & Services | |
| Materials | |
| Chemicals | |
| Metals & Mining | |
| Construction Materials | |
| Containers & Packaging | |
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.
How did Adams Natural Resources Fund perform in the first nine months of 2026?
The fund returned 34.4% on net asset value, with dividends and capital gains reinvested, and 34.2% on market price. Its blended energy-and-materials benchmark returned 34.0% over the same period.
What were Adams Natural Resources Fund’s largest holdings at September 30, 2026?
Exxon Mobil accounted for 25.1% of net assets, followed by Chevron at 14.0% and ConocoPhillips at 6.4%. The ten largest equity holdings together represented 69.8% of net assets.
What were Adams Natural Resources Fund’s industry weightings at September 30, 2026?
Integrated oil and gas was the largest industry weighting at 41.1% of net assets. Other energy weightings were exploration and production, 14.2%; refining and marketing, 12.1%; storage and transportation, 9.5%; and equipment and services, 6.1%. Materials weightings were chemicals, 8.1%; metals and mining, 4.9%; construction materials, 1.8%; and containers and packaging, 1.3%.