Adams Natural Resources Fund, Inc. Reports 8.1% Total Return for First Nine Months of 2025

Adams Natural Resources Fund reports 8.1% return in 2025, outperforming S&P Energy Sector but underperforming S&P Materials Sector.

Quiver AI Summary

Adams Natural Resources Fund, Inc. announced its investment returns for the first nine months of 2025, reporting a total return of 8.1% on net asset value with dividends reinvested, outperforming the S&P Energy Sector at 7.0% and the benchmark's 7.5%. The market price return for this period was 6.4%. As of September 30, 2025, the Fund's net assets totaled approximately $662.6 million, with a net asset value per share of $24.36, down from $26.48 a year earlier. The Fund's largest equity holdings include Exxon Mobil and Chevron, making up 65.8% of net assets. Adams Funds, managing both the Natural Resources Fund and the Adams Diversified Equity Fund, commits to a minimum annual distribution rate of 8% of NAV, ensuring reliability for long-term investors. The Third Quarter Report to Shareholders will be available around October 22, 2025.

Potential Positives

The Fund achieved a total return on net asset value of 8.1% for the first nine months of 2025, outperforming both the S&P Energy Sector and S&P 500 Materials Sector benchmarks.
The annualized return over the last five years for the Fund (25.2% for NAV and 26.3% for market price) indicates strong long-term performance compared to industry benchmarks.
The Fund has maintained consistent dividend payments for over 90 years, providing reliability and appeal for long-term investors.

Potential Negatives

The Fund's net asset value per share decreased from $26.48 in 2024 to $24.36 in 2025, indicating a decline in asset value year-over-year.
The Fund's total return on market price (6.4%) was lower than its benchmark (7.5%) and both the S&P Energy Sector (7.0%) and S&P 500 Materials Sector (9.3%).
Annualized returns for both the 1-year and 3-year periods are below the respective returns of the S&P 500 Energy Sector, which could indicate underperformance relative to industry standards.

FAQ

What are the investment returns for Adams Natural Resources Fund in 2025?

The Fund reported an 8.1% total return on net asset value for the first nine months of 2025.

How does the Fund's return compare to industry benchmarks?

The Fund outperformed the S&P Energy Sector at 7.0% and was slightly below the S&P 500 Materials Sector at 9.3%.

What is the net asset value of Adams Natural Resources Fund?

The net asset value as of September 30, 2025, was $24.36 per share.

When will the Third Quarter Report to Shareholders be available?

The Third Quarter Report to Shareholders is expected to be available on or about October 22, 2025.

What companies are the largest holdings in the portfolio?

The largest holdings include Exxon Mobil Corporation, Chevron Corporation, and ConocoPhillips.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$PEO Insider Trading Activity

$PEO insiders have traded $PEO stock on the open market 17 times in the past 6 months. Of those trades, 0 have been purchases and 17 have been sales.

Here’s a breakdown of recent trading of $PEO stock by insiders over the last 6 months:

CAPITAL MANAGEMENT, L.P. SABA has made 0 purchases and 17 sales selling 201,669 shares for an estimated $4,396,932.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$PEO Hedge Fund Activity

We have seen 45 institutional investors add shares of $PEO stock to their portfolio, and 31 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ROYAL BANK OF CANADA added 147,483 shares (+39.0%) to their portfolio in Q2 2025, for an estimated $3,151,711
PATHSTONE HOLDINGS, LLC removed 137,972 shares (-40.1%) from their portfolio in Q2 2025, for an estimated $2,948,461
VERITION FUND MANAGEMENT LLC added 125,921 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,690,931
MORGAN STANLEY added 98,244 shares (+14.1%) to their portfolio in Q2 2025, for an estimated $2,099,474
POLAR ASSET MANAGEMENT PARTNERS INC. added 67,184 shares (+inf%) to their portfolio in Q2 2025, for an estimated $1,435,722
WOLVERINE ASSET MANAGEMENT LLC added 63,096 shares (+123.5%) to their portfolio in Q2 2025, for an estimated $1,348,361
ADAMS DIVERSIFIED EQUITY FUND, INC. added 59,934 shares (+2.5%) to their portfolio in Q2 2025, for an estimated $1,280,789

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

BALTIMORE, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s investment returns for the first nine months of 2025. The total return on the Fund’s net asset value for the first nine months of 2025 was 8.1%, with dividends and capital gains reinvested. The comparable figures for the S&P Energy Sector and the S&P 500 Materials Sector were 7.0% and 9.3%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%), returned 7.5%. The total return on the Fund’s market price for the same period was 6.4%.

The Third Quarter Report to Shareholders is expected to be available on or about October 22, 2025.

ANNUALIZED COMPARATIVE RETURNS (9/30/2025)

	1 Year	3 Year	5 Year	10 Year
Adams Natural Resources Fund (NAV)	3.4%	12.4%	25.2%	8.8%
Adams Natural Resources Fund (market price)	4.2%	13.3%	26.3%	9.3%
S&P 500 Energy Sector	4.4%	11.1%	29.6%	8.2%
S&P 500 Materials Sector	-4.3%	12.3%	9.5%	10.8%

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at September 30, 2025, compared with the year earlier, was:

	9/30/2025	9/30/2024
Net assets	$662,649,222	$681,420,546
Shares outstanding	27,205,847	25,728,942
Net asset value per share	$24.36	$26.48

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2025)

	% of Net Assets
Exxon Mobil Corporation	22.1%
Chevron Corporation	14.8%
ConocoPhilips	6.4%
Linde plc	4.4%
Williams Companies, Inc.	3.3%
Phillips 66	3.3%
Marathon Petroleum Corporation	3.3%
Kinder Morgan, Inc.	3.0%
Baker Hughes Company	2.8%
EOG Resources, Inc.	2.4%
Total	65.8%

INDUSTRY WEIGHTINGS (9/30/2025)

	% of Net Assets
Energy
Integrated Oil & Gas	39.3%
Exploration & Production	16.0%
Storage & Transportation	9.9%
Refining & Marketing	8.8%
Equipment & Services	5.6%

Materials
Chemicals	12.1%
Metals & Mining	4.2%
Containers & Packaging	1.8%
Construction Materials	1.8%

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 or 800.638.2479