Adams Natural Resources Fund Announces First Half 2026 Performance

BALTIMORE, July 16, 2026 (GLOBE NEWSWIRE) — Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s investment returns for the first half of 2026. The total return on the Fund’s net asset value for the first half of 2026 was 18.4%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 19.7% and 12.0%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (80%) and the S&P 500 Materials Sector (20%), returned 18.1%. The total return on the Fund’s market price for the same period was 18.2%.

The Semi-Annual Report to Shareholders is expected to be released on or about July 22, 2026.

ANNUALIZED COMPARATIVE RETURNS (6/30/2026)

1 Year

3 Year

5 Year

10 Year

Adams Natural Resources Fund (NAV)

26.5%

13.0%

17.0%

9.4%

Adams Natural Resources Fund (market price)

25.9%

15.7%

17.7%

9.6%

S&P 500 Energy Sector

29.0%

12.8%

19.0%

8.7%

S&P 500 Materials Sector

16.7%

8.9%

6.3%

10.4%

ANNUALIZED COMPARATIVE RETURNS (6/30/2026)

Adams Natural Resources Fund (NAV)

Adams Natural Resources Fund (market price)

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at June 30, 2026, compared with the year earlier, was:

6/30/2026

6/30/2025

Net assets

$769,147,614

$634,743,865

Shares outstanding

28,034,839

26,888,697

Net asset value per share

$27.44

$23.61

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (6/30/2026)

% of Net Assets

Exxon Mobil Corporation

23.9%

Chevron Corporation

12.6%

ConocoPhillips

6.0%

Williams Companies, Inc.

4.1%

Valero Energy Corporation

3.8%

Linde plc

3.6%

SLB Ltd.

3.3%

Targa Resources Corp.

3.2%

Phillips 66

3.1%

Marathon Petroleum Corporation

2.7%

Total

66.3%

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (6/30/2026)

Marathon Petroleum Corporation

INDUSTRY WEIGHTINGS (6/30/2026)

% of Net Assets

Energy

Integrated Oil & Gas

38.5%

Exploration & Production

14.8%

Storage & Transportation

10.7%

Refining & Marketing

9.6%

Equipment & Services

6.9%

Materials

Chemicals

10.2%

Metals & Mining

5.2%

Construction Materials

2.2%

Containers & Packaging

1.1%

INDUSTRY WEIGHTINGS (6/30/2026)

About Adams FundsSince 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.

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