diff --git a/lib/events.js b/lib/events.js
index a306feea307ff4..81de870f0868ac 100644
--- a/lib/events.js
+++ b/lib/events.js
@@ -1012,6 +1012,7 @@ function on(emitter, event, options) {
   const queue = new FixedQueue();
   let resume = null;
   let error = null;
+  let errored = false
 
   const signal = options?.signal;
   validateAbortSignal(signal, 'options.signal');
@@ -1034,6 +1035,8 @@ function on(emitter, event, options) {
 
   function errorHandler (err) {
     error = err;
+    errored = true;
+
     if (resume) {
       resume(Promise.reject(err));
       resume = null;
@@ -1057,13 +1060,13 @@ function on(emitter, event, options) {
     try {
       while (true) {
         while (!queue.isEmpty()) {
-          if (error) {
+          if (errored) {
             throw error;
           }
           yield queue.shift();
         }
 
-        if (error) {
+        if (errored) {
           throw error;
         }