$re = '/state\s:\s([A-Z_-]+)\|[^\|]+\|$/';
$str = '08:45:16.674 [2018-01-03T08:45:16.674+0000] 3950682 INFO [p-quote-13-13-L-1] --- LoggerUtil: STATE ENGINE|AA32699|Quote21849812-0|Quote message arrived in state : RECORD_KEEPING_END|110|';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php