Antero Midstream Corporation (NYSE:AM) is looking for bolt-on acquisitions. Brendan Krueger, Chief Financial Officer said, "Our capital investment plan continues to be well over 95% attributable to the state-regulated utility businesses. The current 5-year capital investment forecast, totaling $48 billion, reflects a $5 billion increase in state-regulated utility investments relative to our forecast a year ago.

This 12% increase in capital spending reflects our ongoing efforts to further increase the resiliency of our electric and gas networks and our technology infrastructure. It also partially reflects new resources proposed in Georgia Power's 2023 IRP update, about 60% of the brick-and-mortar megawatts proposed. We have maintained our disciplined measured approach to capital forecasting for our state-regulated utility businesses.

Given the magnitude of change in our projected sales growth and the timeframe in which new resources are needed to serve higher peak demands, we felt it was appropriate to go ahead and reflect certain new resources in our capital plan. Additionally, our capital investment forecast tend to grow, especially in the later years as the visibility into customer additions".