0001386929-26-000004.txt : 20260427 0001386929-26-000004.hdr.sgml : 20260427 20260427110115 ACCESSION NUMBER: 0001386929-26-000004 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20260331 FILED AS OF DATE: 20260427 DATE AS OF CHANGE: 20260427 EFFECTIVENESS DATE: 20260427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Adams Asset Advisors, LLC CENTRAL INDEX KEY: 0001386929 ORGANIZATION NAME: EIN: 743034621 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12061 FILM NUMBER: 26897582 BUSINESS ADDRESS: STREET 1: 10670 N. CENTRAL EXPWY STREET 2: STE 470 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 214-360-7410 MAIL ADDRESS: STREET 1: 10670 N. CENTRAL EXPWY STREET 2: STE 470 CITY: DALLAS STATE: TX ZIP: 75231 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001386929 XXXXXXXX 03-31-2026 03-31-2026 Adams Asset Advisors, LLC
10670 N. CENTRAL EXPWY STE 470 DALLAS TX 75231
13F HOLDINGS REPORT 028-12061 N
Steven Adams CCO 2143607410 Steven Adams Dallas TX 04-27-2026 0 88 891457497 false
INFORMATION TABLE 2 aaa13fmar2026.xml ABBVIE COM 00287Y109 13682731 62912 SH SOLE 0 12941 0 49971 AH REALTY TRUST INC COM 04208T108 2419576 439923 SH SOLE 0 400000 0 39923 ALLIANCE RESOURCE PAR LP COM 01877R108 7061727 255397 SH SOLE 0 144000 0 111397 ALPHABET INC CAPT STK CLA CAP STK CL A 02079K305 1800413 6261 SH SOLE 0 0 0 6261 ALTRIA GROUP INC COM 02209S103 15555670 235728 SH SOLE 0 65159 0 170569 AMGEN INC COM 031162100 12631063 35899 SH SOLE 0 4768 0 31131 APPLE INC COM 037833100 19814400 78074 SH SOLE 0 0 0 78074 AT&T COM 00206R102 12501618 431239 SH SOLE 0 67348 0 363891 BANK OF AMERICA COM 060505104 11872721 243543 SH SOLE 0 46635 0 196908 BERKSHIRE HATHAWAY INC CL B NEW 084670702 15787244 32945 SH SOLE 0 29065 0 3880 BLACKSTONE SECURED LENDING F COM 09261X102 1188504 50169 SH SOLE 0 0 0 50169 BLUE OWL CAPITAL CORP COM 69121K104 1876893 169701 SH SOLE 0 83992 0 85709 BLUE OWL CAPITAL INC COM CL A COM CL A 09581B103 1090998 119496 SH SOLE 0 119496 0 0 BRISTOL-MYERS SQUIBB COCOM COM 110122108 7477781 123294 SH SOLE 0 24541 0 98753 BRITISH AMER TOBACCO F SPONSORED ADR COM 110448107 20056146 343016 SH SOLE 0 120802 0 222214 BROADCOM INC COM COM 11135F101 2074646 6703 SH SOLE 0 0 0 6703 CALUMET INC COM 131428104 114960129 3202232 SH SOLE 0 1950000 1252232 1252232 CHEVRON CORP COM 166764100 14164788 68462 SH SOLE 0 0 0 68462 CISCO SYSTEMS INC COM 17275R102 12193113 157148 SH SOLE 0 30200 0 126948 CITIGROUP INC COM 172967424 16932907 149307 SH SOLE 0 27920 0 121387 CONAGRA BRANDS INC COM 205887102 2442841 155397 SH SOLE 0 42731 0 112666 CRESCENT CAP BDC INC COM COM 225655109 969910 79828 SH SOLE 0 79828 0 0 CUMMINS INC COM 231021106 15267394 28377 SH SOLE 0 6198 0 22179 DELEK LOGISTICS PARTNERS LP COM UNT RP INT 24664T103 3497531 70288 SH SOLE 0 40523 0 29765 DORCHESTER MINERALS LP COM 25820R105 24071954 888264 SH SOLE 0 135957 0 752307 ENBRIDGE INC COM COM 29250N105 2514532 46445 SH SOLE 0 0 0 46445 ENERGY TRANSFER LP COM 29273V100 27825910 1441757 SH SOLE 0 485040 0 956717 ENTERPRISE PRODUCTS PPTNSLP COM 293792107 15089381 398768 SH SOLE 0 68000 0 330768 EXXON MOBIL CORP COM 30231G102 1703386 10040 SH SOLE 0 0 0 10040 FIRST FINANCIAL BANKSHARES INC COM 32020R109 257982 8760 SH SOLE 0 0 0 8760 FS KKR CAPITAL CORP COM 302635206 1347669 132384 SH SOLE 0 45750 0 86634 GLOBAL PARTNERS LP COMUNITS COM 37946R109 415106 9860 SH SOLE 0 0 0 9860 GLOBAL X FDS GLBL X MLP ETF GLBL X MLP ETF 37954Y343 3368814 62536 SH SOLE 0 34755 0 27781 GLOBAL X FDS US PREFERRED ETF US PFD ETF 37954Y657 723009 39294 SH SOLE 0 0 0 39294 GOLDMAN SACHS BDC INC SHS 38147U107 3326528 374609 SH SOLE 0 186823 0 187786 GOLDMAN SACHS GROUP COM 38141G104 11963991 14142 SH SOLE 0 3767 0 10375 GOLUB CAPITAL BDC INC COM 38173M102 1905621 150523 SH SOLE 0 84128 0 66395 HESS MIDSTREAM LP CL A CL A SHS 428103105 798778 20550 SH SOLE 0 16375 0 4175 HF SINCLAIR CORP COM 403949100 15213302 243842 SH SOLE 0 32584 0 211258 HORMEL FOODS COPR COM 440452100 6384650 281883 SH SOLE 0 47895 0 233988 HP INC COM 40434L105 4836002 251744 SH SOLE 0 41284 0 210460 ISHARES IBOXX INVESTMENT GRADE CORP BONDS IBOXX INV CP ETF 464287242 924716 8484 SH SOLE 0 0 0 8484 ISHARES SELECT DIVIDEND ETF SELECT DIVID ETF 464287168 201477 1331 SH SOLE 0 0 0 1331 ISHARES SILVER TRUST ETF IV ISHARES 46428Q109 476980 7000 SH SOLE 0 0 0 7000 J P MORGAN EXCHANGE TRADED F NASDAQ EQT PREM 46654q203 60353294 1087055 SH SOLE 0 230098 0 856957 JOHNSON & JOHNSON COM 478160104 573701 2347 SH SOLE 0 0 0 2347 KAYNE ANDERSON BDC INC COM SHS 48662X105 279079 20341 SH SOLE 0 20341 0 0 KIMBELL RTY PARTNERS LP UNIT 49435R102 807137 55780 SH SOLE 0 55780 0 0 KIMBERLY-CLARK CORP COM 494368103 8023120 83167 SH SOLE 0 12110 0 71057 KINDER MORGAN INC COM 49456B101 4583015 136684 SH SOLE 0 0 0 136684 MARKEL GROUP INC COM 570535104 2009773 1050 SH SOLE 0 1050 0 0 MEDICAL PROPERTIES TRUST INC COM 58463J304 1255776 271226 SH SOLE 0 200000 0 71226 META PLATFORMS INC CLASS A CL A 30303M102 1108788 1938 SH SOLE 0 1800 0 138 MICROSOFT CORP COM 594918104 6412825 17324 SH SOLE 0 3400 0 13924 MORGAN STANLEY DIRECT LENDIN COM SHS 61774A103 1597471 114432 SH SOLE 0 79744 0 34688 MPLX LP COM 55336V100 12332599 216096 SH SOLE 0 21645 0 194451 NEWMONT CORP COM 651639106 21537636 198962 SH SOLE 0 32985 0 165977 NNN REIT INC COM COM 637417106 2614854 62214 SH SOLE 0 0 0 62214 NUVEEN CHURCHILL DIRECT LEND COM SHS 67090S108 1157787 91021 SH SOLE 0 53000 0 38021 OCCIDENTAL PETROL CORP COM 674599105 109378945 1682753 SH SOLE 0 779240 0 903513 OCCIDENTAL PETE CORP WTS EXP 08/03/2027 *W EXP 08/03/2027 674599162 20090585 468312 SH SOLE 0 254425 0 213887 ONEOK INC COM 682680103 1712077 18941 SH SOLE 0 0 0 18941 PEABODY ENERGY CORP COM 704551100 3295000 100000 SH SOLE 0 100000 0 0 PEPSICO INC COM 713448108 6467363 41647 SH SOLE 0 3699 0 37948 PFIZER INC COM 717081103 9590584 341545 SH SOLE 0 50815 0 290730 PLAINS ALL AMERICAN PIPELINE LP COM 726503105 18378952 823061 SH SOLE 0 189460 0 633601 PLAINS GP HOLDINGS LP COM 72651A207 1402243 57753 SH SOLE 0 36844 0 20909 PROCTER AND GAMBLE CO COM 742718109 3039595 21044 SH SOLE 0 0 0 21044 REALTY INCOME COPR REIT COM 756109104 3209809 52465 SH SOLE 0 0 0 52465 RLJ LODGING TRUST CUM CONV PFD A 74965L200 3251138 134902 SH SOLE 0 68805 0 66097 SCHWAB US DIVIDEND EQUITY ETF US DIVIDEND EQ 808524797 6750183 220019 SH SOLE 0 0 0 220019 SCHWAB US LARGE-CAP GROWTH ETF US LCAP GR ETF 808524300 1211750 41598 SH SOLE 0 0 0 41598 SELECT WATER SOLUTIONSINC CL A COM COM 81617J301 6260163 409161 SH SOLE 0 0 0 409161 SIMON PROPERTY GROUP INC COM 828806109 1079822 5789 SH SOLE 0 0 0 5789 STARWOOD PROPERTY TRUST INC COM 85571B105 1638948 95177 SH SOLE 0 57064 0 38113 SUN COMMUNITIES REIT COM 866674104 2805129 22270 SH SOLE 0 0 0 22270 SUNOCO LP COM 86765K109 36761455 565822 SH SOLE 0 160000 0 405822 TRINITY PETROLEUM TR COM 896556107 531060 10020 SH SOLE 0 10020 0 0 UNITED PARCEL SERVICE COM 911312106 3927723 39924 SH SOLE 0 8259 0 31665 UNIVERSAL CORP COM 913456109 7487774 142083 SH SOLE 0 26691 0 115392 VALERO ENERGY CORP NEW COM 91913Y100 15907999 64384 SH SOLE 0 10682 0 53702 VANECK ETF TR VANECK BDC INCOME ETF BDC INCOME ETF 92189F411 948211 74079 SH SOLE 0 0 0 74079 VERIZON COMMUNICATIONS COM 92343V104 14745196 293729 SH SOLE 0 81888 0 211841 WELLS FARGO & CO COM 949746101 12719130 159768 SH SOLE 0 29449 0 130319 WESTERN MIDSTREAM PARTNERS LP COM 958669103 14084463 342105 SH SOLE 0 65905 0 276200 WEYERHAEUSER CO COM COM 962166104 1326867 54313 SH SOLE 0 0 0 54313 WILLIAMS COS INC COM 969457100 2538858 34884 SH SOLE 0 0 0 34884 W P CAREY INC COM COM 92936U109 5599088 82388 SH SOLE 0 36000 0 46388