Baker Hughes Company (BKR)'s Had A Good Quarter, Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Mind As He Discussed A “Weird Number”. Baker Hughes Company (NASDAQ:BKR) is one of the stocks Jim Cramer recently discussed.

Baker Hughes Company (NASDAQ:BKR) is an oil and gas production equipment provider. The firm’s shares have fared better than its peers in 2025 as they have gained 9% year-to-date. Baker Hughes Company (NASDAQ:BKR)’s stock has performed well, primarily due to a 16% jump in July. The shares rallied due to a robust second quarter earnings report, which saw the firm’s EPS of $0.63 beat analyst estimates of $0.56 while its $6.91 billion in revenue beat $6.63 billion in estimates. Cramer discussed the performance divergence between Baker Hughes Company (NASDAQ:BKR) and its oil and gas equipment providing peers:

“But not as many as you would think. I mean, look, oil and gas, you would think that would be terrible with oil in the 60s, they’re doing pretty well. Well, Schlumberger and Haliburton have a hard time. Baker Hughes actually had a good quarter. But then, out of nowhere, you get this LNG deal. And you say, wow, I mean there’s an industry that’s got customers for the rest of its duration.”

Artisan Partners mentioned Baker Hughes Company (NASDAQ:BKR) in its Q1 2025 investor letter. Here is what the fund said:

“During the quarter, we initiated new GardenSM positions in Baker Hughes Company (NASDAQ:BKR), Snowflake and Viking. As a leading oil and gas equipment and services provider, Baker Hughes generates 60% of its revenue from oilfield services and equipment. However, its expanding industrial and energy technology segment, driven by secular growth in liquefied natural gas (LNG), has been further diversifying its revenue stream. We believe Baker Hughes is well positioned for profitable growth from Europe’s increasing demand for US LNG and rising gas infrastructure investments to meet growing electricity demand. Additionally, the potential end of the US moratorium on LNG export permits under the new Trump administration could provide further tailwinds. The rising contribution of aftermarket service revenues should also help reduce the company’s cyclicality.”

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Disclosure: None. This article is originally published at Insider Monkey.