$re = '/\b(([A-Z])\w*(?:\s+\w+)*?)\s*\((\2[A-Z]*)\)/mi';
$str = 'Some example text (SET) that demonstrates what I\'m looking for. Energy system models (ESM) are used to find specific optima (SCO). Some say computer systems (CUST) are cool. In the summer playing outside (OUTS) should be preferred. Stupid example(s) Stupid example(S) Not stupid example (NSEMPLE), bad example (Bexle)';
preg_match_all($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