$re = '/\<([^>]+)\>\s+([^<]*?)\s*(?=\<|$)/';
$str = ' Jul 8 22:02:05 RXXXXXXX001 MCS:BS: <Code> 30900 <Type> WARNING <Severity> PROCESS <Category> APPLICATION <User> root <HwSource> RXXXXXXX001 <Summary> Activity failed
- timed out before completion. <Group> SQL_Transaction_Logs_4_Hours <Action> Scheduled Backup <status_code> 30900 <starttime> 2019-07-08 23:00:00 <targetCid> 8exxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx9 8xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx9 <account_name> rxxxxxxxxxxx.xx.xxxxxxx.com <client> /clients/rxxxxxxxxxxx.xx.xxxxxxx.com <bytes_modified_sent> 0 <client_name> rxxxxxxxxxxx.xx.xxxxxxx.com <errorcode> 10019 <CID> 8exxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx9 <hard_limit> 0 <retention_policy> 14_Days <bytes_protected> 0 <endtime> 2019-07-09 0 3:02:05 <PID> SQL <plugin_name> Windows SQL <snapup_number> <snapup_label> <schedule> Transaction log 4 HR <bytes_scanned> 1 <WID> Transaction log 4 HR-SQL_Transactio n_Logs_4_Hours-1562626800005 <domain> /clients <dataset> /Transactional_Log _4_Hours <account> /clients/rxxxxxxxxxxx.xx.xxxxxxx.com';
preg_match_all($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