diff --git a/crates/formula/src/parser.rs b/crates/formula/src/parser.rs
index 4fd3b7b..355a964 100644
--- a/crates/formula/src/parser.rs
+++ b/crates/formula/src/parser.rs
@@ -50,8 +50,9 @@ fn significant_spaces(toks: Vec<Token>) -> Vec<Token> {
     let mut out: Vec<Token> = Vec::with_capacity(toks.len());
     for (i, t) in toks.iter().enumerate() {
         if t.tok == Tok::Space {
-            let prev_end = out.last().is_some_and(|p| matches!(p.tok, Tok::Word(_) | Tok::RParen | Tok::Struct(_)));
-            let next_start = toks.get(i + 1).is_some_and(|n| matches!(n.tok, Tok::Word(_) | Tok::Sheet(..) | Tok::LParen | Tok::Func(_)));
+            let prev_end = out.last().is_some_and(|p| matches!(p.tok, Tok::Word(_) | Tok::RParen | Tok::Struct(_) | Tok::Error(_)));
+            let next_start =
+                toks.get(i + 1).is_some_and(|n| matches!(n.tok, Tok::Word(_) | Tok::Sheet(..) | Tok::LParen | Tok::Func(_) | Tok::Error(_)));
             if prev_end && next_start {
                 out.push(t.clone());
             }
diff --git a/crates/formula/src/tests.rs b/crates/formula/src/tests.rs
index d3dd4c2..2de0daa 100644
--- a/crates/formula/src/tests.rs
+++ b/crates/formula/src/tests.rs
@@ -5,6 +5,22 @@ fn rt(src: &str) -> String {
     print(&parse(src).unwrap_or_else(|e| panic!("{src}: {e}")))
 }
 
+#[test]
+fn intersection_with_deleted_operand_reparses() {
+    // Deleting the columns of an intersection operand prints `A1:B2 #REF!`; that text must parse back.
+    assert_eq!(rt("A1:B2 #REF!"), "A1:B2 #REF!");
+    assert_eq!(rt("#REF! A1:B2"), "#REF! A1:B2");
+    assert_eq!(parse("A1:B2 #REF!"), parse("A1:B2 (#REF!)").map(|e| strip_paren(&e)));
+}
+
+fn strip_paren(e: &Expr) -> Expr {
+    match e {
+        Expr::Binary(op, a, b) => Expr::Binary(*op, Box::new(strip_paren(a)), Box::new(strip_paren(b))),
+        Expr::Paren(x) => strip_paren(x),
+        other => other.clone(),
+    }
+}
+
 #[test]
 fn roundtrips() {
     for f in [