2 year old hitting and wrecking things

Ok guys so I know this is normal for the age but my first child didn’t do this anywhere near to this extreme. My kids are 5.5 and 2.5 and generally get along really well they’re so sweet together but lately my 2 year old is something else. He’s always been active, wild and rough, lots of physical energy. He is the sweetest and funniest total goofball and he adores his sister. I do my best to keep in routine and do stuff with him. Take him out, play dates, and activities and he has plenty of independent play time. Lately it’s been way worse than usual he is constantly hitting everyone and wrecking everything. Like instead of playing he is just throwing toys and hitting his sister or his friends or wrecking anything his sister it anyone is trying to do. I usually use natural consequences and time outs (I will not spank or do anything like that so pls don’t suggest). I stay calm and explain he can’t hit it hurts and all that. Lately time outs aren’t really working because he stops doing the exact thing he was in time out for but then goes and hits with something else or does something else to wreck things. Its not aggression he’s happy while he’s doing it, it’s like his only form of playing right now. It’s constant. I try redirecting him and he won’t. I was trying to play with him right now and he just instead of playing with me ran into the other room and grabbed a toy and ran into his sister going pee on the toilet and hit her. Like really 😑. I’ve resorted to separating them if he can’t play nicely and then he will play ok by himself or sit and cry by the baby gate to be with her but then if I let him he just immediately starts up messing with her. She is soo patient with him and I feel so bad he won’t let her just play. She plays with him a lot but she can’t entertain him all the time. I know it’s ultimately probably a phase but does anyone have any advice? Do you think I should just keep separating them even if that means they spend the whole afternoon in separate rooms and I have to go back and forth? I just put a baby gate up between the rooms we have an open floor plan. I’m worn out with it