diff --git a/lib/_http_client.js b/lib/_http_client.js
index 598b585bcfa383..fde7fde86bbf25 100644
--- a/lib/_http_client.js
+++ b/lib/_http_client.js
@@ -806,9 +806,6 @@ function onSocketNT(req, socket, err) {
         socket.emit('free');
       } else {
         finished(socket.destroy(err || req[kError]), (er) => {
-          if (er?.code === 'ERR_STREAM_PREMATURE_CLOSE') {
-            er = null;
-          }
           _destroy(req, er || err);
         });
         return;
diff --git a/lib/_http_incoming.js b/lib/_http_incoming.js
index a92687ce37bfbc..3961b583de9ddc 100644
--- a/lib/_http_incoming.js
+++ b/lib/_http_incoming.js
@@ -188,9 +188,6 @@ IncomingMessage.prototype._destroy = function _destroy(err, cb) {
   if (this.socket && !this.socket.destroyed && this.aborted) {
     this.socket.destroy(err);
     const cleanup = finished(this.socket, (e) => {
-      if (e?.code === 'ERR_STREAM_PREMATURE_CLOSE') {
-        e = null;
-      }
       cleanup();
       process.nextTick(onError, this, e || err, cb);
     });
diff --git a/lib/internal/streams/end-of-stream.js b/lib/internal/streams/end-of-stream.js
index efc2441c51ee39..318ab4c2e6a8b7 100644
--- a/lib/internal/streams/end-of-stream.js
+++ b/lib/internal/streams/end-of-stream.js
@@ -98,7 +98,8 @@ function eos(stream, options, callback) {
     isWritable(stream) === writable
   );
 
-  let writableFinished = stream.writableFinished || wState?.finished;
+  let writableFinished = stream.writableFinished ||
+    (wState && wState.finished);
   const onfinish = () => {
     writableFinished = true;
     // Stream should not be destroyed here. If it is that
@@ -110,7 +111,8 @@ function eos(stream, options, callback) {
     if (!readable || readableEnded) callback.call(stream);
   };
 
-  let readableEnded = stream.readableEnded || rState?.endEmitted;
+  let readableEnded = stream.readableEnded ||
+    (rState && rState.endEmitted);
   const onend = () => {
     readableEnded = true;
     // Stream should not be destroyed here. If it is that
@@ -126,17 +128,7 @@ function eos(stream, options, callback) {
     callback.call(stream, err);
   };
 
-  let closed = wState?.closed || rState?.closed;
-
   const onclose = () => {
-    closed = true;
-
-    const errored = wState?.errored || rState?.errored;
-
-    if (errored && typeof errored !== 'boolean') {
-      return callback.call(stream, errored);
-    }
-
     if (readable && !readableEnded) {
       if (!isReadableEnded(stream))
         return callback.call(stream,
@@ -147,7 +139,6 @@ function eos(stream, options, callback) {
         return callback.call(stream,
                              new ERR_STREAM_PREMATURE_CLOSE());
     }
-
     callback.call(stream);
   };
 
@@ -177,29 +168,29 @@ function eos(stream, options, callback) {
   if (options.error !== false) stream.on('error', onerror);
   stream.on('close', onclose);
 
+  // _closed is for OutgoingMessage which is not a proper Writable.
+  const closed = (!wState && !rState && stream._closed === true) || (
+    (wState && wState.closed) ||
+    (rState && rState.closed) ||
+    (wState && wState.errorEmitted) ||
+    (rState && rState.errorEmitted) ||
+    (rState && stream.req && stream.aborted) ||
+    (
+      (!writable || (wState && wState.finished)) &&
+      (!readable || (rState && rState.endEmitted))
+    )
+  );
+
   if (closed) {
-    process.nextTick(onclose);
-  } else if (wState?.errorEmitted || rState?.errorEmitted) {
-    if (!willEmitClose) {
-      process.nextTick(onclose);
-    }
-  } else if (
-    !readable &&
-    (!willEmitClose || stream.readable) &&
-    writableFinished
-  ) {
-    process.nextTick(onclose);
-  } else if (
-    !writable &&
-    (!willEmitClose || stream.writable) &&
-    readableEnded
-  ) {
-    process.nextTick(onclose);
-  } else if (!wState && !rState && stream._closed === true) {
-    // _closed is for OutgoingMessage which is not a proper Writable.
-    process.nextTick(onclose);
-  } else if ((rState && stream.req && stream.aborted)) {
-    process.nextTick(onclose);
+    // TODO(ronag): Re-throw error if errorEmitted?
+    // TODO(ronag): Throw premature close as if finished was called?
+    // before being closed? i.e. if closed but not errored, ended or finished.
+    // TODO(ronag): Throw some kind of error? Does it make sense
+    // to call finished() on a "finished" stream?
+    // TODO(ronag): willEmitClose?
+    process.nextTick(() => {
+      callback();
+    });
   }
 
   const cleanup = () => {
diff --git a/lib/internal/streams/readable.js b/lib/internal/streams/readable.js
index f2e21ed59eec6f..6eb07cdd4a9b14 100644
--- a/lib/internal/streams/readable.js
+++ b/lib/internal/streams/readable.js
@@ -56,13 +56,12 @@ const {
   getDefaultHighWaterMark
 } = require('internal/streams/state');
 
-const eos = require('internal/streams/end-of-stream');
-
 const {
   ERR_INVALID_ARG_TYPE,
-  ERR_STREAM_PUSH_AFTER_EOF,
   ERR_METHOD_NOT_IMPLEMENTED,
-  ERR_STREAM_UNSHIFT_AFTER_END_EVENT
+  ERR_STREAM_PREMATURE_CLOSE,
+  ERR_STREAM_PUSH_AFTER_EOF,
+  ERR_STREAM_UNSHIFT_AFTER_END_EVENT,
 } = require('internal/errors').codes;
 const { validateObject } = require('internal/validators');
 
@@ -1111,18 +1110,23 @@ async function* createAsyncIterator(stream, options) {
   let error = state.errored;
   let errorEmitted = state.errorEmitted;
   let endEmitted = state.endEmitted;
+  let closeEmitted = state.closeEmitted;
 
-  stream.on('readable', next);
-
-  eos(stream, (err) => {
-    if (err) {
-      errorEmitted = true;
+  stream
+    .on('readable', next)
+    .on('error', function(err) {
       error = err;
-    }
-
-    endEmitted = true;
-    next.call(stream);
-  });
+      errorEmitted = true;
+      next.call(this);
+    })
+    .on('end', function() {
+      endEmitted = true;
+      next.call(this);
+    })
+    .on('close', function() {
+      closeEmitted = true;
+      next.call(this);
+    });
 
   let errorThrown = false;
   try {
@@ -1134,6 +1138,8 @@ async function* createAsyncIterator(stream, options) {
         throw error;
       } else if (endEmitted) {
         break;
+      } else if (closeEmitted) {
+        throw new ERR_STREAM_PREMATURE_CLOSE();
       } else {
         await new Promise(next);
       }
diff --git a/test/parallel/test-stream-finished.js b/test/parallel/test-stream-finished.js
index 8e371911698336..43b1e36a547402 100644
--- a/test/parallel/test-stream-finished.js
+++ b/test/parallel/test-stream-finished.js
@@ -608,26 +608,3 @@ testClosed((opts) => new Writable({ write() {}, ...opts }));
     assert.strictEqual(closed, true);
   }));
 }
-
-{
-  const w = new Writable();
-  const _err = new Error();
-  w.destroy(_err);
-  finished(w, common.mustCall((err) => {
-    assert.strictEqual(_err, err);
-    finished(w, common.mustCall((err) => {
-      assert.strictEqual(_err, err);
-    }));
-  }));
-}
-
-{
-  const w = new Writable();
-  w.destroy();
-  finished(w, common.mustCall((err) => {
-    assert.strictEqual(err.code, 'ERR_STREAM_PREMATURE_CLOSE');
-    finished(w, common.mustCall((err) => {
-      assert.strictEqual(err.code, 'ERR_STREAM_PREMATURE_CLOSE');
-    }));
-  }));
-}