A linear regulator includes a drive circuit having an input and an output, with the output configured to drive a control terminal of a power transistor for the delivery of a load current. An error amplifier functions to amplify a difference between a reference signal and a feedback signal to generate an error signal at the input of the drive circuit. A compensation circuit includes a series circuit formed by a compensation capacitor and a variable resistance circuit, where the series circuit is coupled to the input of the drive circuit. A current sensing circuit operates to sense the load current. The resistance of the variable resistance circuit is varied in response to the sensed load current.