To answer your question, you are querying for the list where it matches a sub-element and that will only happen where the list is comprised of one element. What you really wanted to select are the sub-elements themselves.
Note: Explanation of why parsing strings using the regex form '[^_]+'
is bad here: https://stackoverflow.com/a/31464699/2543416
You want to parse the list, selecting the elements:
SQL> with TVL_DETAIL(TVL_CD_LIST) as (
select 'M1180_Z6827' from dual union
select 'K5900_Z6828' from dual union
select 'I2510' from dual
)
SELECT distinct regexp_substr(TVL_CD_LIST, '(.*?)(_|$)', 1, level, NULL, 1) element
FROM TVL_DETAIL
CONNECT BY level <= LENGTH(regexp_replace(TVL_CD_LIST, '[^_]', '')) + 1;
-- 11g CONNECT BY level <= regexp_count(TVL_CD_LIST, '_') + 1;
ELEMENT
-----------
Z6827
K5900
M1180
I2510
Z6828
SQL>
And this is cool if you want to track by row and element within row:
SQL> with TVL_DETAIL(row_nbr, TVL_CD_LIST) as (
select 1, 'M1180_Z6827' from dual union
select 2, 'K5900_Z6828' from dual union
select 3, 'I2510' from dual
)
SELECT row_nbr, column_value substring_nbr,
regexp_substr(TVL_CD_LIST, '(.*?)(_|$)', 1, column_value, NULL, 1) element
FROM TVL_DETAIL,
TABLE(
CAST(
MULTISET(SELECT LEVEL
FROM dual
CONNECT BY level <= LENGTH(regexp_replace(TVL_CD_LIST, '[^_]', '')) + 1
-- 11g CONNECT BY LEVEL <= REGEXP_COUNT(TVL_CD_LIST, '_')+1
) AS sys.OdciNumberList
)
)
order by row_nbr, substring_nbr;
ROW_NBR SUBSTRING_NBR ELEMENT
---------- ------------- -----------
1 1 M1180
1 2 Z6827
2 1 K5900
2 2 Z6828
3 1 I2510
SQL>
EDIT: Oops, edited to work with 10g as REGEXP_COUNT is not available until 11g.