Enterprise Products Partners L.P. (NYSE:EPD) ranks among the best stocks to buy for retirement. It completed the acquisition of Occidental’s natural gas gathering affiliate for $580 million in cash. This deal is part of Occidental’s debt-reduction plan and instantly increases Enterprise’s natural gas gathering footprint in the Midland Basin.

The debt-free purchase includes natural gas gathering systems in the Midland Basin and nearly 200 miles of pipelines. This acquisition provides Enterprise with access to more than 1,000 drillable prospects, giving the company long-term development visibility in the area.

As one of the top midstream energy companies in the US, Enterprise Products Partners L.P. (NYSE:EPD) operates a vast network of pipelines, terminals, processing facilities, and storage facilities in key energy-producing regions. While EPD has investment potential, certain AI stocks may offer greater upside potential and less downside risk, according to analysts.

Read more at Yahoo Finance: Enterprise Products (EPD) Completes $580 Million Acquisition to Expand Midland Basin Footprint