diff --git a/src/xenia/apu/xma_context_new.cc b/src/xenia/apu/xma_context_new.cc
index 30f081b34..c1a8018d9 100644
--- a/src/xenia/apu/xma_context_new.cc
+++ b/src/xenia/apu/xma_context_new.cc
@@ -130,9 +130,19 @@ bool XmaContextNew::Work() {
   RingBuffer output_rb = PrepareOutputRingBuffer(&data);
 
   if (data.IsConsumeOnlyContext()) {
+    XELOGAPU("XmaContext {}: Consume-only context, draining subframes", id());
     Consume(&output_rb, &data);
+    data.output_buffer_write_offset =
+        output_rb.write_offset() / kOutputBytesPerBlock;
+    // Clearing contexts that match TightBufferOutput heuristic can disrupt
+    // playback (e.g. audio noise during races in PGR4), so we only clear
+    // contexts with enough output buffer headroom where empty input reliably
+    // indicates the stream is finished (e.g. needed for dialog completion in
+    // Borderlands 2 startup).
     if (!data.HasTightOutputBuffer() &&
-        data.output_buffer_read_offset == data.output_buffer_write_offset) {
+        current_frame_remaining_subframes_ == 0 && output_rb.empty()) {
+      XELOGAPU("XmaContext {}: Consume-only context fully drained, clearing",
+               id());
       ClearLocked(&data);
     }
     StoreContextMerged(data, initial_data, context_ptr);