$re = '/1\.2\.3\.4\.(\d+) = WORDS: (?|"([^"]*)|([^:]*))/';
$str = '2.3.8.2.2.1.2.3.4.12345 = WORDS: "String to capture"
2.3.8.2.2.1.2.3.4.12345 = ""';
preg_match($re, $str, $matches, PREG_OFFSET_CAPTURE, 0);
// Print the entire match result
var_dump($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