Adams Natural Resources Fund Announces First Quarter 2025 Performance

GlobeNewswire
18 Apr

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


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