$DKL vs $GEL: Diverging Paths for These Energy Midstream MLPs DKL and GEL are both energy midstream MLPs, but they are diverging sharply in momentum and market positioning. DKL has posted a strong year-to-date return of roughly 30%, while GEL has lagged with a

$DKL vs $GEL: Diverging Paths for These Energy Midstream MLPs DKL and GEL are both energy midstream MLPs, but they are diverging sharply in momentum and market positioning. DKL has posted a strong year-to-date return of roughly 30%, while GEL has lagged with a single-digit gain and recently traded near its 52-week low. DKL offers a higher distribution yield (around 8%) and has raised its payout for 29 consecutive quarters; GEL's yield is lower and its balance-sheet leverage is significantly higher. GEL is valued on an elevated trailing P/E (price-to-earnings) multiple of roughly 67x, whereas DKL trades near 19x.