diff --git a/lib/saxy.ex b/lib/saxy.ex
index 79e0af5..00dd989 100644
--- a/lib/saxy.ex
+++ b/lib/saxy.ex
@@ -111,8 +111,11 @@ defmodule Saxy do
 
   """
 
+  @compile {:inline, do_transform_stream: 4}
+
   alias Saxy.{
     Encoder,
+    Handler.Accumulating,
     Parser,
     State
   }
@@ -309,10 +312,95 @@ defmodule Saxy do
   end
 
   defp reduce_stream(buffer, {cont_fun, state}) do
-    with {:halted, cont_fun, state} <- cont_fun.(buffer, true, state) do
-      {:cont, {cont_fun, state}}
-    else
-      other -> {:halt, other}
+    case cont_fun.(buffer, true, state) do
+      {:halted, cont_fun, state} ->
+        {:cont, {cont_fun, state}}
+
+      other ->
+        {:halt, other}
+    end
+  end
+
+  @doc """
+  Parses XML stream and returns a stream of elements.
+
+  This function takes a stream and returns a stream of xml SAX events.
+  When any parsing error occurs, it raises a `Saxy.ParseError` exception.
+
+
+  ## Examples
+
+      iex> stream = File.stream!("./test/support/fixture/foo.xml")
+      iex> Enum.to_list Saxy.stream_events stream
+      [
+        start_document: [version: "1.0"],
+        start_element: {"foo", [{"bar", "value"}]},
+        end_element: "foo"
+      ]
+      iex> Enum.to_list Saxy.stream_events ["<foo>unclosed value"]
+      ** (Saxy.ParseError) unexpected end of input, expected token: :chardata
+
+  > #### Warning {: .warning }
+  >
+  > Input stream is evaluated lazily, therefore some events may be emitted before
+  > exception is raised
+
+  ## Memory usage
+
+  `Saxy.stream_events/2` takes a `File.Stream` or `Stream` as the input, so the amount of bytes to buffer in each
+  chunk can be controlled by `File.stream!/3` API.
+
+  During parsing, the actual memory used by Saxy might be higher than the number configured for each chunk, since
+  Saxy holds in memory some parsed parts of the original binary to leverage Erlang sub-binary extracting. Anyway,
+  Saxy tries to free those up when it makes sense.
+
+  ### Options
+
+  See the “Shared options” section at the module documentation.
+
+  * `:character_data_max_length` - tells the parser to emit the `:characters` event when its length exceeds the specified
+    number. The option is useful when the tag being parsed containing a very large chunk of data. Defaults to `:infinity`.
+  """
+  @spec stream_events(in_stream :: Enumerable.t(), options :: Keyword.t()) :: out_stream :: Enumerable.t()
+  def stream_events(stream, options \\ []) do
+    expand_entity = Keyword.get(options, :expand_entity, :keep)
+    character_data_max_length = Keyword.get(options, :character_data_max_length, :infinity)
+    cdata_as_characters = Keyword.get(options, :cdata_as_characters, true)
+
+    state = %State{
+      prolog: nil,
+      handler: Accumulating,
+      user_state: [],
+      expand_entity: expand_entity,
+      cdata_as_characters: cdata_as_characters,
+      character_data_max_length: character_data_max_length
+    }
+
+    init = {&Parser.Stream.parse_prolog(&1, &2, &1, 0, &3), state}
+
+    stream
+    |> Stream.concat([:end_of_stream])
+    |> Stream.transform(init, &transform_stream/2)
+  end
+
+  defp transform_stream(:end_of_stream, {cont_fun, state}) do
+    do_transform_stream(<<>>, false, cont_fun, state)
+  end
+
+  defp transform_stream(buffer, {cont_fun, state}) do
+    do_transform_stream(buffer, true, cont_fun, state)
+  end
+
+  defp do_transform_stream(buffer, more?, cont_fun, state) do
+    case cont_fun.(buffer, more?, state) do
+      {:halted, cont_fun, %{user_state: user_state} = state} ->
+        {:lists.reverse(user_state), {cont_fun, %{state | user_state: []}}}
+
+      {:error, error} ->
+        raise error
+
+      other ->
+        {:halt, other}
     end
   end
 
diff --git a/lib/saxy/handler/accumulating.ex b/lib/saxy/handler/accumulating.ex
new file mode 100644
index 0000000..cba6978
--- /dev/null
+++ b/lib/saxy/handler/accumulating.ex
@@ -0,0 +1,11 @@
+defmodule Saxy.Handler.Accumulating do
+  # Accumulating handler originally intended to be
+  # used with stream transformations
+  @moduledoc false
+
+  @behaviour Saxy.Handler
+
+  def handle_event(event, data, state) do
+    {:ok, [{event, data} | state]}
+  end
+end
diff --git a/mix.lock b/mix.lock
index 8e457c4..050791e 100644
--- a/mix.lock
+++ b/mix.lock
@@ -1,10 +1,10 @@
 %{
   "earmark": {:hex, :earmark, "1.2.5", "4d21980d5d2862a2e13ec3c49ad9ad783ffc7ca5769cf6ff891a4553fbaae761", [:mix], [], "hexpm", "c57508ddad47dfb8038ca6de1e616e66e9b87313220ac5d9817bc4a4dc2257b9"},
-  "earmark_parser": {:hex, :earmark_parser, "1.4.13", "0c98163e7d04a15feb62000e1a891489feb29f3d10cb57d4f845c405852bbef8", [:mix], [], "hexpm", "d602c26af3a0af43d2f2645613f65841657ad6efc9f0e361c3b6c06b578214ba"},
-  "ex_doc": {:hex, :ex_doc, "0.24.2", "e4c26603830c1a2286dae45f4412a4d1980e1e89dc779fcd0181ed1d5a05c8d9", [:mix], [{:earmark_parser, "~> 1.4.0", [hex: :earmark_parser, repo: "hexpm", optional: false]}, {:makeup_elixir, "~> 0.14", [hex: :makeup_elixir, repo: "hexpm", optional: false]}, {:makeup_erlang, "~> 0.1", [hex: :makeup_erlang, repo: "hexpm", optional: false]}], "hexpm", "e134e1d9e821b8d9e4244687fb2ace58d479b67b282de5158333b0d57c6fb7da"},
-  "makeup": {:hex, :makeup, "1.0.5", "d5a830bc42c9800ce07dd97fa94669dfb93d3bf5fcf6ea7a0c67b2e0e4a7f26c", [:mix], [{:nimble_parsec, "~> 0.5 or ~> 1.0", [hex: :nimble_parsec, repo: "hexpm", optional: false]}], "hexpm", "cfa158c02d3f5c0c665d0af11512fed3fba0144cf1aadee0f2ce17747fba2ca9"},
-  "makeup_elixir": {:hex, :makeup_elixir, "0.15.1", "b5888c880d17d1cc3e598f05cdb5b5a91b7b17ac4eaf5f297cb697663a1094dd", [:mix], [{:makeup, "~> 1.0", [hex: :makeup, repo: "hexpm", optional: false]}, {:nimble_parsec, "~> 1.1", [hex: :nimble_parsec, repo: "hexpm", optional: false]}], "hexpm", "db68c173234b07ab2a07f645a5acdc117b9f99d69ebf521821d89690ae6c6ec8"},
+  "earmark_parser": {:hex, :earmark_parser, "1.4.31", "a93921cdc6b9b869f519213d5bc79d9e218ba768d7270d46fdcf1c01bacff9e2", [:mix], [], "hexpm", "317d367ee0335ef037a87e46c91a2269fef6306413f731e8ec11fc45a7efd059"},
+  "ex_doc": {:hex, :ex_doc, "0.29.4", "6257ecbb20c7396b1fe5accd55b7b0d23f44b6aa18017b415cb4c2b91d997729", [:mix], [{:earmark_parser, "~> 1.4.31", [hex: :earmark_parser, repo: "hexpm", optional: false]}, {:makeup_elixir, "~> 0.14", [hex: :makeup_elixir, repo: "hexpm", optional: false]}, {:makeup_erlang, "~> 0.1", [hex: :makeup_erlang, repo: "hexpm", optional: false]}], "hexpm", "2c6699a737ae46cb61e4ed012af931b57b699643b24dabe2400a8168414bc4f5"},
+  "makeup": {:hex, :makeup, "1.1.0", "6b67c8bc2882a6b6a445859952a602afc1a41c2e08379ca057c0f525366fc3ca", [:mix], [{:nimble_parsec, "~> 1.2.2 or ~> 1.3", [hex: :nimble_parsec, repo: "hexpm", optional: false]}], "hexpm", "0a45ed501f4a8897f580eabf99a2e5234ea3e75a4373c8a52824f6e873be57a6"},
+  "makeup_elixir": {:hex, :makeup_elixir, "0.16.1", "cc9e3ca312f1cfeccc572b37a09980287e243648108384b97ff2b76e505c3555", [:mix], [{:makeup, "~> 1.0", [hex: :makeup, repo: "hexpm", optional: false]}, {:nimble_parsec, "~> 1.2.3 or ~> 1.3", [hex: :nimble_parsec, repo: "hexpm", optional: false]}], "hexpm", "e127a341ad1b209bd80f7bd1620a15693a9908ed780c3b763bccf7d200c767c6"},
   "makeup_erlang": {:hex, :makeup_erlang, "0.1.1", "3fcb7f09eb9d98dc4d208f49cc955a34218fc41ff6b84df7c75b3e6e533cc65f", [:mix], [{:makeup, "~> 1.0", [hex: :makeup, repo: "hexpm", optional: false]}], "hexpm", "174d0809e98a4ef0b3309256cbf97101c6ec01c4ab0b23e926a9e17df2077cbb"},
-  "nimble_parsec": {:hex, :nimble_parsec, "1.1.0", "3a6fca1550363552e54c216debb6a9e95bd8d32348938e13de5eda962c0d7f89", [:mix], [], "hexpm", "08eb32d66b706e913ff748f11694b17981c0b04a33ef470e33e11b3d3ac8f54b"},
+  "nimble_parsec": {:hex, :nimble_parsec, "1.3.0", "9e18a119d9efc3370a3ef2a937bf0b24c088d9c4bf0ba9d7c3751d49d347d035", [:mix], [], "hexpm", "7977f183127a7cbe9346981e2f480dc04c55ffddaef746bd58debd566070eef8"},
   "stream_data": {:hex, :stream_data, "0.5.0", "b27641e58941685c75b353577dc602c9d2c12292dd84babf506c2033cd97893e", [:mix], [], "hexpm", "012bd2eec069ada4db3411f9115ccafa38540a3c78c4c0349f151fc761b9e271"},
 }
diff --git a/test/saxy_test.exs b/test/saxy_test.exs
index c5da6c5..e24d1d6 100644
--- a/test/saxy_test.exs
+++ b/test/saxy_test.exs
@@ -27,6 +27,18 @@ defmodule SaxyTest do
     end
   end
 
+  test "maps file streams" do
+    for fixture <- @fixtures do
+      stream = stream_fixture(fixture)
+      element_stream = Saxy.stream_events(stream)
+      assert [_ | _] = Enum.to_list element_stream
+    end
+
+    assert_raise Saxy.ParseError, fn ->
+      Enum.to_list Saxy.stream_events stream_fixture "incorrect.xml"
+    end
+  end
+
   test "parse_string/4 parses XML binary with multiple \":expand_entity\" strategy" do
     data = "<foo>Something &unknown;</foo>"
 
diff --git a/test/support/fixture/incorrect.xml b/test/support/fixture/incorrect.xml
new file mode 100644
index 0000000..9b7b48d
--- /dev/null
+++ b/test/support/fixture/incorrect.xml
@@ -0,0 +1,8 @@
+<?xml version="1.0" encoding="UTF-8"?>
+<breakfast_menu>
+  <food>
+    <name>Belgian Waffles</name>
+    <price>$5.95</price>
+    <description>Two of our famous Belgian Waffles with plenty of real maple syrup</description>
+    <calories>650</calories>
+  </food>