Adams Natural Resources Fund Announces First Quarter 2025 Performance

/EIN News/ -- 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